Domestic firms’ confidence grows

There has been a significant improvement in confidence among Irish domestic companies about the prospects for future growth, according to Ibec’s Business Sentiment Report.

Confidence in the overall business environment improved marginally, from -6 to -5, over the second quarter of the year compared to the first quarter.

However, the three-month outlook came in at +2 compared with -4 in the first quarter of the year. This is the first time the outlook has recorded a positive reading since the survey began at the start of 2009.