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Employer Sentiment Survey Says Hiring At It’s Strongest Pace Since Mid-2007

Growth in activity and hiring during the second quarter of 2014

Businesses are hiring at their strongest pace since the middle of 2007, according to a new survey of employer sentiment.

Respondents to the latest KBC Bank / Chartered Accountants Ireland Business Sentiment Index have reported further growth in activity and hiring during the second quarter of 2014.

The majority of businesses have also seen activity increase in recent months – with just 12% seeing levels decrease.

The survey notes that these growth levels are slightly softer than in the first three months of the year, however, though businesses are positive about their prospects for the coming months.

“The survey suggests that the majority of Irish companies don’t feel the outlook for their business, or the economy as a whole, is particularly uncertain at present. That said, the majority of those firms focused on the domestic economy said uncertainty was affecting their business decisions. This likely reflects a still early and uneven pick-up in domestic spending.”

Pat Costelloe, Chartered Accountants Ireland Chief Executive

Further gains in Gross Domestic Produce are expected over the remainder of the year, while businesses expect some relief in domestic demand as consumer confidence begins to improve.

However, there remains some concern among respondents, both of the economic “headwinds” that exist locally as well as the potential impact of recent events on the global economy.

The KBC / Chartered Accountants Ireland Business Sentiment Survey is based on the responses of 397 chartered accountants working in senior positions in Irish firms and was conducted between 14-17 July.

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