Irish business sentiment sinks in October

Households took a more pessimistic view of prospects for the economy and jobs this month as four in five considered it an appropriate time to save, up from 75%. Picture: Sasko Lazarov/ RollingNews.ie

A new survey shows that business and consumer confidence has hit record lows in Ireland due to the twin threats of Brexit and the second wave of Covid-19.

The Bank of Ireland Economic Pulse came in at 56.6 with October marking a new low for consumer sentiment while businesses downgraded their near-term expectations for activity and jobs.