Market comment

Irish business confidence collapses as lockdown tightened


This morning’s Bank of Ireland/European Commission Business and Consumer Pulse surveys paint a bleak outlook, suffering enormous one-month declines and falling to their lowest levels since 2016. Furthermore, the surveys were largely taken before the school closures, business and travel restrictions were imposed to fight COVID-19 and tightened again on Friday by the government. Hence, sentiment is likely to take a further hit in April’s surveys.

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Mar 30 2020, 07:20 IST/BST