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Sentiment up to eight-year high

BUSINESS sentiment here has reached its highest level in eight years.

All sectors have reported an improvement in business conditions, according to the latest KBC Bank of Ireland/Chartered Accountants Ireland Business Sentiment index.

Business chiefs also claimed that Budget 2015 will have a "modest" positive impact on employment and also help bolster investment.

Austin Hughes, KBC Bank Ireland chief economist, said the strongest element in the autumn survey was companies' assessment of their own business volumes in the past three months.

Almost 60pc of firms indicated levels had increased, with only 9pc reporting weaker conditions.