A report carried out on behalf of the Temple Bar traders’ organisation has found that the area has an annual turnover of €676 million.
The report, commissioned by Temple Bar Traders Group (TASCQ) and Temple Bar Cultural Trust, found that business confidence in the area was low with half the firms surveyed reporting a strong negative impact from the recession.
The economic downturn has led to a decline in footfall and sales, the report found, adding that 27 per cent of companies were reducing full-time staff numbers.
Just under half of firms said they had cut prices in response to the recession.
