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Firms planning to increase staff

THE number of Irish firms intending to increase staff levels in the next three months doubled in the second quarter of the year, according to employers' representative body IBEC.

The figures were published by IBEC in the latest quarterly Business Sentiment Survey, published today by IBEC.

It also shows that the majority of firms remain positive on their trading outlook during the third quarter of the year.

"The survey provides further evidence that business is now well placed to drive economic growth and recovery. Firms' confidence in both the current trading conditions and the three-month outlook for their own businesses has stabilised at a solid level," according to IBEC's chief economist Fergal O'Brien (above).

However, Mr O'Brien added that firms continued to remain much more confident about the outlook for their own businesses than for the wider economy.

"Given the ongoing uncertainty caused by the eurozone debt crisis, this isn't surprising," he said.