THE high level of sterling and the lack of any compromise over Orange marches in the run up to the week of July 12th are causing increasing concern in the Northern Ireland manufacturing sector, according to the latest quarterly survey of business confidence carried out by the Confederation of British Industry.
The survey found that, while business confidence was growing among firms in the service sector, manufacturing companies were increasingly gloomy about the combined effect of a strong pound and the negative images which they felt were likely to be broadcast to their overseas customers over the next few weeks.
More than 50 companies took part in the survey, which found that, while demand in the domestic market has weakened, exports to Britain and the Republic have remained buoyant. But the overall response showed a distinct fall in confidence across the board.
There were also reports of skill shortages in some areas, notably information technology, where the need was in software development. Consultants were also reporting difficulty in finding qualified staff in key specialisations. More generally, some companies were finding it difficult to recruit shift workers, and reported a shortage of filters and electricians.
CBI Northern Ireland chairman, Mr Bill Tosh, said that while he was encouraged that exports were continuing to hold up in spite of the strength of the pound, the likelihood of violent confrontation over marches was a worrying sign.
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