General Industry News

Business confidence jumps to higher levels than before pandemic

Business Post – 27.04.2021

Bank of Ireland’s latest pulse index found that business confidence jumped in April to higher levels than seen even before the Covid-19 pandemic, as companies look ahead to the rollout of vaccines and some easing of restrictions. The index rose by 14.3 points from March to 88.9 for the current month, according to a survey of about 2,000 companies. The reading was up 59.3 points on April of last year.

Hospitality sector to receive stimulus plan once restrictions lifted, says Martin

Irish Times – 18.04.2021

Taoiseach Micheál Martin has promised a major stimulus plan for the beleaguered hospitality sector to help it recover once the pandemic restrictions are lifted. In an interview with the Business Post, Mr. Martin said the Government’s National Economic Plan was being worked on by the cabinet sub-committee on economic recovery, with Paschal Donohoe, the Minister for Finance, and Michael McGrath, the Minister for Public Expenditure, being the “key linchpins”. He confirmed that the plan would include a major stimulus package for the 180,000 people working in hotels, pubs and restaurants in the hospitality industry.