Economic Trends - Economic Trends Q3 - 2024 https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/ en-us 10 Oct 2024 09:11:02 IST 10 Oct 2024 09:11:02 IST https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/rss.xml Newsweaver conor@corkchamber.ie (Cork Chamber of Commerce) support@newsweaver.ie (Newsweaver) 60 true Business Confidence https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/biruv65b8vs?lang=en?rss=true Confidence in the Irish economy rose to 88% in Q3, up from 72% in Q2 and 77% in Q1 2024. Rising business costs (25%) were the top reason for a lack of confidence, followed by housing supply (14%) and skills shortages/inflation (11%). 05 Jul 2023 12:00:00 IST 5aaa18680026684ef5a3b6d89880f6ce ARTICLE_1_COLUMN-clone-32694128-20220414-090440 <p> </p> <p><span style="font-size: 12px;">Confidence in the Irish economy rose to 88% in Q3, up from 72% in Q2 and 77% in Q1 2024.</span></p> <p> </p> <p><span style="font-size: 12px;">Rising business costs (25%) were the top reason for a lack of confidence, followed by housing supply (14%) and skills shortages/inflation (11%).</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/8e/0a89cc32b96ba1939ffce3.jpg Childcare provision https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1h8oufd87t8?lang=en?rss=true Currently, just 16% of Cork businesses have regular or frequent dealings with Northern Ireland, while over half (52%) report no engagement at all—indicating untapped potential for further collaboration. 19 Apr 2022 12:00:00 IST 564b59475420c94a14a886b3bcceefae ARTICLE_1_COLUMN-clone-32694133-20220405-141712 <p> </p> <p><span style="font-size: 12px;">Currently, just 16% of Cork businesses have regular or frequent dealings with Northern Ireland, while over half (52%) report no engagement at all—indicating untapped potential for further collaboration.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/e0/d379597aa4e8efe610d45f.jpg Barriers to doing business with northern ireland https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1uk0050ukcb?lang=en?rss=true The survey results revealed that market access (34%) was identified as the top challenge in doing business with Northern Ireland. Additionally, regulatory challenges (23%) and logistics/connectivity (18%) were flagged as key obstacles. 08 Oct 2024 12:00:00 IST d616795cb9683fa42e4a2b1102f0c0fb ARTICLE_1_COLUMN-clone-32694133-20220405-141712 <p><span style="font-size: 12px;">The survey results revealed that market access (34%) was identified as the top challenge in doing business with Northern Ireland. Additionally, regulatory challenges (23%) and logistics/connectivity (18%) were flagged as key obstacles.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/bf/5f176c3bde4cbe13470d56.jpg More stats on business with Northern Ireland https://www.corkchamber.ie/quarterly-economic-trends/ Changes to employee numbers https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/ze02pkwzs39?lang=en?rss=true One quarter of respondents reported an increase in employee numbers during Q3, down from 36% in Q2. Meanwhile, 63% experienced no change (up from 54% in Q2), and only 12% reduced their workforce. 19 Apr 2022 12:00:00 IST fdc4f6fbb80fb87f96b961621d1c8985 Two Column Articles - Hero Image <p><span style="font-size: 12px;">One quarter of respondents reported an increase in employee numbers during Q3, down from 36% in Q2. Meanwhile, 63% experienced no change (up from 54% in Q2), and only 12% reduced their workforce.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/14/bdcbbf310701283b7a8dd8.jpg Barriers to hiring https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/w5xm18la05l?lang=en?rss=true Out of the 45% of respondents that have vacancies advertised, 44% are finding it difficult to fill them (i.e. remaining unfilled for greater than 3 months since initial advertisement). 19 Apr 2022 12:00:00 IST 5df53a6e623befc3c1802d80ef4fd6c7 Two Column Articles - Hero Image <p><span style="font-size: 12px;">Out of the 45% of respondents that have vacancies advertised, 44% are finding it difficult to fill them (i.e. remaining unfilled for greater than 3 months since initial  advertisement).</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/96/6538ef2c291afa3d1ce733.jpg Survey Results https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1mw4d242sed?lang=en?rss=true [ https://www.youtube.com/embed/yBwoAyuYohw ] The Q3 2024 Economic Trends survey of Cork Chamber members gathered insights into their experiences during July, August and September. Sponsored by PTSB, this survey offers a snapshot of the business outlook and experiences of engaging in business with Northern Ireland. 09 Oct 2024 12:00:00 IST eb60a69c59ac915285ccd18ba60b6ab0 FEATURE_ARTICLE-clone-32694127-20220414-090757 <table style="border-collapse: collapse; width: 100%; max-width: 100%; border-width: 0px; border-spacing: 0px;" border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td style="width: 28.8656%; border-width: 0px; padding: 1px;"> [ https://www.youtube.com/embed/yBwoAyuYohw ] </td> <td style="width: 71.2185%; border-width: 0px; padding: 1px;"> <p><span style="font-size: 12px;">The Q3 2024 Economic Trends survey of Cork Chamber members gathered insights into their experiences during July, August and September. Sponsored by PTSB, this survey offers a snapshot of the business outlook and experiences of engaging in business with Northern Ireland.</span></p> </td> </tr> </tbody> </table> <p> </p> Browse Full Results Online https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/t8enjwp7biw?lang=en?rss=true View more stats and results from our latest Economic Trends, which capture a snapshot of business experiences and of the overall operating landscape at the close of Q3 2024. 19 Apr 2022 12:00:00 IST 6c728130e87c1102f24385fa915fc8d8 FEATURE_ARTICLE-clone-32694126-20220711-152607 <p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px;">View more stats and results from our latest Economic Trends, which capture a snapshot of business experiences and of the overall operating landscape at the close of Q3 2024.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/b7/217d3dbd48fdfa1136902f.jpg Browse results here https://www.corkchamber.ie/quarterly-economic-trends/ Charity winner https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/qeqanxjij09?lang=en?rss=true Thanks to all respondents who contributed to our Economic Trends Survey. The lucky winner of a €200 voucher from one of our hospitality members this quarter is Justin Green, Ballyvolane House - also one of our hospitality members! 17 Jan 2023 12:00:00 GMT 0b1d605e6c9549e7faab8276e8f7fffb FEATURE_ARTICLE-clone-32694126-20220711-152607 <p style="text-align: center;"><span style="font-size: 10px;">Thanks to all respondents who contributed to our Economic Trends Survey. The lucky winner of a €200 voucher from one of our hospitality members this quarter is Justin Green, Ballyvolane House - also one of our hospitality members!</span></p>