Business sector activity levels rise

THERE have been some signs of improvement in the business sector this year with activity levels increasing slightly and lay-offs easing back.

A stronger improvement in activity is expected in the coming months but close to three-quarters of firms are saying the rise in European Central Bank (ECB) rates will have a negative impact on their business.

The KBC/Chartered Accountants Ireland business sentiment survey, which reflects the views of chartered accountants working in senior positions, also found that costs are rising sharply.