DKM/BPFI SME Market Monitor December 2015
SME Market Monitor shows underlying improvement in economic environment for SMEs
The DKM/BPFI SME Market Monitor, December 2015, prepared by DKM Economic Consultants (DKM) and published on 18 December 2015 by Banking & Payments Federation Ireland (BPFI), highlights an underlying improvement in the economic environment for SMEs with many indicators rising and with others stabilising.
Tracking trends across 15 different indicators which are important for the performance of the SME sector, this latest DKM/BPFI SME Market Monitor points in particular to the significance of strengthening domestic demand and ongoing recovery in consumer spending, with DKM’s Annette Hughes stating that:
“One of the most important indicators for SME firms, Domestic Demand, continued an upward trend in the first six months of the year, with the quarterly value surpassing €42 billion (constant 2013 prices) in Q3’15 for the first time since early 2008. Investment was the star performer in Q3’15 for the second quarter in a row. Although overall retail sales were marginally lower in the month of October, the ongoing recovery in consumer spending and in the level of housing transactions is having a positive impact on sales in selected sectors”.
Download a copy of the report.