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Economic Competitiveness

Dáil Éireann Debate, Thursday - 15 November 2012

Thursday, 15 November 2012

Questions (105)

Bernard Durkan

Question:

105. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which the economic performance of all sectors has been monitored over the past five years and to date in 2012; the extent to which specific areas have been identified for the need for improvement; and if he will make a statement on the matter. [50808/12]

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Written answers

My Department monitors the performance of all sectors of the economy on a continuous basis both in terms of official statistics from the CSO and also in terms of high frequency survey based indicators such as purchasing managers’ indices (PMIs) and consumer confidence. The Action Plan for Jobs 2012 sets out a whole-of-Government approach to the Government’s central policy of getting people working. This is key to economic recovery and spans all sectors of the economy. This is an annual process and my Department has already fed into the 2013 process. I might also mention that as part of my Department’s reform programme, a new, expanded Economics Division has been established with a greatly expanded economic capacity, allowing the Department to now conduct additional sectoral analysis as part of its economic planning and forecasting function .

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