Costs of Doing Business in Ireland – another government report

It seems I’m on a bit of a “buy Irish” kick this week. Posts here and here on Tuesday and Wednesday touched on the topic, and I’m coming back to it again today.

In my post on Monday, there were references to the cost of doing business in Ireland, and a previous survey carried out by Forfas.

I notice from their website that the National Competitiveness Council (NCC) has published another survey – Costs of Doing Business in Ireland 2010 Volume 1.

First, their disclaimer – the data is based on 2009 analysis, but for 2010 they’re saying:

Anecdotal evidence would suggest that Ireland’s competitiveness continued to improve through the first half of 2010.

For details on what the survey is looking at, according to the website announcement:

The report analyses Ireland’s relative cost competitiveness performance across four key business inputs – labour, property, utilities and business services – and looks at the broader cost environment that indirectly impacts on the cost of doing business here.

The findings of the report are summarised as follows, according to Martin Shanahan, chief executive of Forfas:

The cost of doing business in Ireland is falling and this is to be welcomed. Those entering into new contracts in particular are receiving good value. We need to continually monitor the cost base and push for further reductions in areas that have not yet adjusted. The lowering cost base will open up new opportunities for Ireland in attracting mobile investment and growing exports.

Yet we still hear consistent complaints about the prices that Irish consumers are expected to pay, pretty much across the board.

Costs are supposedly falling according to this report, and the CSO reports that prices are falling in some retail areas by up to 5% in some retail areas.

Why aren’t people happy then? Maybe because many people have had their incomes cut by 100% because of losing their jobs, or because many other employees have had their pay cut by sometimes up to 20% just to keep their jobs.

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