Almost half of all businesses contracting or struggling to survive in Ireland - - North and South
Jun 13th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
New research published on Sunday that was undertaken with 1,000 business managers across Ireland, North and South, shows that nearly half of all businesses in Ireland are contracting or in survival mode. The results show that weak consumer sentiment is continuing to have an impact on businesses with 70% of all companies surveyed citing reduced consumer demand as a concern although 38% had moved to decrease prices over the last quarter. Almost one third of businesses are reported to be struggling to remain profitable.