The overall satisfaction of Irish SMEs with Governments performance continues to decline for the third consecutive quarter according to the latest Government Satisfaction Survey from the Irish Small & Medium Enterprises Association (ISME).
The survey was conducted in the first week of October with 745 SME respondents. Fifty two per cent of whom employ less than 10 while a further 38% employ between 11 and 50 and the remaining 10% employ between 51 and 250.
Governments handling of the economy sees the biggest decline while the Administration's dealing with business costs continues to attract the most dissatisfaction amongst SMEs.
The overall satisfaction rating continues to decline, having dropped by -3 points from -12% (Q2) to -16% in Q3. Micro and small enterprises express the most dissatisfaction with the Government; micro enterprises -23% , small enterprises -13%, while medium enterprises show a positive increase from -19% (Q2) to +6% (Q3).
Retail and Services are least satisfied at -25% and -23% respectively. Distribution is at -19%, while Manufacturing is most satisfied at +17%. Construction is also satisfied at +13%, up from 12% in Q2.
There has been a marginal decrease in satisfaction ratings with the Government's handling of the jobs situation. This is the only indicator that has remained positive, but still experienced a decline of 3% in Q2. Small businesses are least satisfied at the Government's handling of jobs -1%, down from +1% in Q2.
ISME CEO, Neil McDonnell commented on the results stating, "Government satisfaction is at its lowest in two years. Excessive business costs, and mishandling of industrial relations are creating an element of uncertainty and doubt among SMEs. Increasing labour costs, access to finance, poor broadband and late payments must be addressed if this Government wants to restore confidence for SMEs."
Source: www.businessworld.ie