InterTradereland’s quarterly Business Monitor survey is the largest and most comprehensive business survey on the island covering business owner’s views both Northern Ireland and Ireland from interviews conducted with more than 750 SMEs. It differs from other surveys by feeding directly from telephone interviews conducted with a robust sample of businesses across a range of sectors. It has a lengthy time series of six years and tracks all-island economic indicators such as sales, employment, business outlook and other specific topical issues on a quarterly basis.
The latest quarterly (Oct-Dec 2017) InterTradeIreland Business Monitor Report indicates the economy across the island is in a healthy position, with 40 per cent of businesses in growth mode and 54 percent reporting stability. A breakdown of the figures reveals however that significantly more firms in ROI are enjoying growth (45 per cent) compared to 28 per cent in NI. Despite the high levels of growth, and the fact that 85 per cent of firms are reporting to be working at or close to full capacity, only a small number of firms reported an increase in employment, a fact that might be explained by the large number who are operating on relatively low margins.
• 94 per cent of businesses are stable or growing
• 45 per cent of firms in Ireland are enjoying growth compared to 28 per cent in Northern
• Only six per cent of companies have taken on staff in the last quarter
• Eight per cent of those with cross-border sales have started formal plans for Brexit, howeverinformal planning figures are increasing rapidly.
Download the InterTradeIreland Business Monitor Infographic Q4 2017 (334 KB)
View Q4 2017 Press Release
To view previous surveys - click on the link below