Monday 16 January 2017

Outlook for companies at most positive in three years

Published 23/12/2010 | 05:00

THE OUTLOOK for business is more positive now than at any point over the past three years, according to Enterprise Ireland.

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According to EI's end of year statement, which was published yesterday, its client companies recovered about 70pc of the losses made in 2009, mainly through exports. New export sales by its clients are expected to top €1bn this year, with those companies expected to spend €19bn in the domestic economy.

Businesses reported an expansion in new export orders every month in 2010. In overall terms, the total number of people at work in client companies was 156,577, a net decrease of 3,726, or -2.3pc.

Recover

The food sector continues to recover, with EI pointing to special lean programmes for the food sector it introduced in conjunction with the Department of Agriculture and Food apparently resulting in companies increasing productivity.

Enterprise Ireland chief executive Frank Ryan said his agency would continue to focus on Irish jobs.

"Enterprise Ireland will continue to identify and help secure overseas markets opportunities for Irish companies," he said.

Enterprise minister Batt O'Keeffe said: "The results outlined in EI's end of year statement demonstrate that their tenacity has critically resulted in export growth that is creating new jobs, sustaining employment and stemming job losses."

Irish Independent

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