Tide beginning to turn as South East businesses expect improved outlook in 2012
After three years, the tide seems to be turning slightly for businesses in the South East region with around half expecting an improvement in sales in 2012 and just 17% expecting a further fall. Even more positive is the fact that businesses in those sectors that were hit hardest, such as financial services initially and then retail / wholesale and hotels / restaurants / tourism, are among the most positive for the coming year, according to the findings of the latest South East Business Confidence Study. Though more businesses recorded a fall in customer activity in the past six months than an increase, nonetheless, a majority expect that 2011 will turn out to have been a better year than 2010 from a sales perspective. Indeed, half of those who have seen a sales increase 2011 report it as being 10% or greater. This is the eighth in a series of twice-yearly surveys conducted in the South-East region by Kilkenny-based market research firm, Market Dynamics. A total of 349 businesses in the region participated.
Commenting on the results, John Gilsenan, Managing Director of Market Dynamics, stated: “after seemingly never-ending gloom about the business environment we can now see a more positive outlook which is coming from some unexpected sectors, such as financial services, hotels / restaurants / tourism and retail / wholesale. Even the construction sector is more positive. A very encouraging sign is the accuracy of businesses in their predictions. In previous years, business forecasts made in the May survey have been found to have been overly-ambitious by the time of the November one. This time, however, businesses expectations for the year in this survey tally with predictions made in May. This is reassuring for businesses who can make plans in a more confident manner".
 South East Business Confidence Study, November 2011 Executive Summary
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Market Dynamics’ South East Business Confidence Study is updated every six months with business leaders in the region and is now in its eighth iteration. The Study tracks issues such as business environment and sentiment, changes in employment levels and the key challenges facing organisations.
Waterford Chamber would be most grateful if you would take a few minutes of your time and click on the link below or copy the URL directly into your browser to take part in this important piece of research; it should only take 5 minutes or less and all responses are completely confidential. In return you will receive a summary of the survey results and will be entered into a draw for a Garmin SatNav. This time we also have a Clingo Hands Free Mount and a Universal Podium kindly donated by Allsop Europe Ltd www.clingobyallsop.eu. So don’t forget to add your details!
https://www.surveymonkey.com/s/SEBS_October2011 |
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 The intensive one-day programme covering a variety of topics that reflect the working environment and challenges in the current tough economic climate comes to Faithlegg House Hotel in Waterford on Wednesday, 28th September.
In just one day delegates will be brought up to date on issues in the core areas such as Audit, Accounting, Tax, Company Law and Recovery Strategies. Our impressive line-up of speakers will be on hand to offer expert advice throughout the duration of the seminar.
The event also provides the perfect platform to network and discuss new business ventures with your colleagues as well as offering 8 CPD hours towards your structured CPD requirements. At the competitive price of €225 for Members for 8 CPD hours this is a seminar you will not want to miss. Email
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to book your place.
Agenda:
9.30am Welcome
9.40am Goodbye Irish GAAP – Hello ‘FRSME’: Kevin McSharry, Circle Consulting
10.30am Topical Tax Issues: Brendan Twohig, M K Brazil
11.15am Networking Tea/Coffee Break
11.45am Practice Stream
New Developments in Auditing: Niall Fitzgerald, Chartered Accountants Ireland
OR
11.45am Business Stream
Recovery Strategies that Work: Neil Hughes, Hughes Blake
1.15pm Lunch
2.15pm Company Law: Current Focus, Future Direction – What you Need to do to Stay Compliant: Kevin Prendergast, ODCE
3.15pm Practical Employment Law for SME’s: Kevin Callan, BL
4.00pm Networking Tea/Coffee Break
4.30pm Peak Performance in Sport and Business: Frankie Sheehan, Former Munster & Ireland Hooker
5.30pm Close |
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Waterford City Council has asked Waterford Chamber to assist with a Tall Ships Economic Impact Study. We would appreciate if businesses complete a short survey (click link below to download) and return by email to
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. All answers are completely confidential; no individual results are reported.
 Tall Ships Economic Impact Study
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