Business shrugs off political uncertainty, expectations surge to a 15-year high

Favourable employment figures, an upturn in retail spending and on-going record low interest rates have led to a 15-year high in illion’s Business Expectations Index.

“Most encouraging is a further rise in expected employment and a strong increase in expected capital expenditure. We expect further gains in employment are likely in the coming months. The slump in private sector business investment has been an area of economic weakness in recent times. There is some evidence of a turning point in investment since late 2017, and the business expectations data suggests there should be a further lift in capital expenditure over the remainder of 2018.”

illion Economic Adviser, Stephen Koukoulas