Economic Trends - Economic Trends Q3

Economic Trends - Economic Trends Q3 - 2021 https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/ en-us 21 Oct 2021 03:26:24 IST 21 Oct 2021 03:26:24 IST https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/rss.xml Newsweaver conor@corkchamber.ie (Cork Chamber of Commerce) support@newsweaver.ie (Newsweaver) 60 true Travel for Business https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/j0ynczfjhq1?lang=en?rss=true [ https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1rmemxnnrp7/external ] 16 Jul 2020 12:00:00 IST 35b1559bb466de6ac58bc0374e754646 ARTICLE_2_COLUMN-clone-30206874-20190308-164015 <a href="https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1rmemxnnrp7/external" target="_blank" rel="noopener"><img src="http://corkchamberofcommerce.newsweaver.ie/v2files/shard1/8881/5e/a6a83386a0a5bfa6a0cdf2.jpg" style="margin: 0px;" width="466" height="322" hspace="0" vspace="0" alt="" /></a> Budget priorities https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/qac307u1og5?lang=en?rss=true Slightly over one fifth of businesses returned to air travel in Q3 2021. Increased uptake from Q1 2022, with 32% air travel for business expected. However, 64% of respondents expect air travel for business in 2022 to be under 40% of 2019 levels. "We anticipate this perspective will evolve over time as confidence in international travel grows. In the survey businesses reiterated the value of connectivity to Cork and the top three critical routes for business - London, Amsterdam, and Frankfurt respectively." Paula Cogan, President of Cork Chamber 16 Jul 2020 12:00:00 IST 2a5fb46711ce27f7b10e987e991ae3e6 ARTICLE_2_COLUMN-clone-30206874-20190308-164015   Slightly over one fifth of businesses returned to air travel in Q3 2021. Increased uptake from Q1 2022, with 32% air travel for business expected.    However, 64% of respondents expect air travel for business in 2022 to be under 40% of 2019 levels.   "We anticipate this perspective will evolve over time as confidence in international travel grows. In the survey businesses reiterated the value of connectivity to Cork and the top three critical routes for business - London, Amsterdam, and Frankfurt respectively." Paula Cogan, President of Cork Chamber More statistics on travel for business https://www.corkchamber.ie/economic-trends/ INTRODUCTION https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1ne80sjnu5m?lang=en?rss=true In the latest Cork Chamber Economic Trends Survey, Cork Chamber asked members about their experience in the most recent business quarter, Q3 2021 (July, August, September) as well as the business outlook for the remainder of the year, the fourth quarter of 2021. This Economic Trends captures a snapshot of business experiences and the overall operating landscape, in a period which saw a business transition back to the office and an easing of Covid 19 restrictions. 03 Feb 2020 12:00:00 GMT 8c45a64f48264e074f6a696c0c89c3c1 ARTICLE_1_COLUMN-clone-30205334-20190411-094627 In the latest Cork Chamber Economic Trends Survey, Cork Chamber asked members about their experience in the most recent business quarter, Q3 2021 (July, August, September) as well as the business outlook for the remainder of the year, the fourth quarter of 2021. This Economic Trends captures a snapshot of business experiences and the overall operating landscape, in a period which saw a business transition back to the office and an easing of Covid 19 restrictions. prize winner https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1xzb182uako?lang=en?rss=true Our thanks to everyone for taking the time to complete this survey, which is circulated to the managers and business owners of our 1,000+ members. Your feedback helps us build a more resilient economy for Cork. The winner of our Q3 participants prize is JP Kelly, Head of Geospatial Consulting at Murphy Geospatial who will receive a €200 Cork Chamber giftcard. 16 Oct 2020 12:00:00 IST fd52822fff75abbd8847d52cd04d2752 ARTICLE_1_COLUMN-clone-30205334-20190411-094627 Our thanks to everyone for taking the time to complete this survey, which is circulated to the managers and business owners of our 1,000+ members. Your feedback helps us build a more resilient economy for Cork. The winner of our Q3 participants prize is JP Kelly, Head of Geospatial Consulting at Murphy Geospatial who will receive a €200 Cork Chamber giftcard. THREATS TO BUSINESS https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/bw09pqxrod8?lang=en?rss=true 1. COVID-19 2. Cost competitiveness 3. Skills availability As with previous quarters, Covid-19 ranks as the top threat to business growth. 03 Feb 2020 12:00:00 GMT a57dd3d50350cb240a7a24491fe34b71 ARTICLE_1_COLUMN-clone-30206862-20190411-101804 1. COVID-19   2. Cost competitiveness    3. Skills availability   As with previous quarters, Covid-19 ranks as the top threat to business growth. http://corkchamberofcommerce.newsweaver.ie/v2files/shard1/8881/65/fed56109fe527596b7c08f.jpg Full results https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/8vgkrshccvc?lang=en?rss=true [ https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/6319uum09i3/external ] 21 Oct 2021 12:00:00 IST 69e6ca747999ce181d031aaa284a157d ARTICLE_1_COLUMN-clone-30206862-20190411-101804 <a href="https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/6319uum09i3/external" target="_blank" rel="noopener"><img src="http://corkchamberofcommerce.newsweaver.ie/v2files/shard1/8881/5c/43861c9420912d1cea9ef4.jpg" style="margin: 0px;" width="440" height="311" hspace="0" vspace="0" alt="" /></a> View all results https://www.corkchamber.ie/economic-trends/ Business Confidence https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1qrmkz794f0?lang=en?rss=true [ https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/t5vx4gpmcg3/external ] 06 Apr 2020 12:00:00 IST 262f5b30035dcbdeb26be7f623f2e145 ARTICLE_2_COLUMN-clone-30206864-20190411-110315 <a href="https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/t5vx4gpmcg3/external" target="_blank" rel="noopener"><img src="http://corkchamberofcommerce.newsweaver.ie/v2files/shard1/8881/11/404a6f5f3c48db7f686de0.jpg" style="margin: 0px;" width="604" height="244" hspace="0" vspace="0" alt="" /></a> Business Confidence https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/u9n4n1z0c7p?lang=en?rss=true With 91% of respondents reporting business confidence, this is a 1% increase on the previous quarter (Q2 2021) which noted 90% of respondents indicating confidence. This is an encouraging trend, in comparison to 68% confidence 12 months ago in Q3 of 2020. 16 Jul 2020 12:00:00 IST 0c55fa23032ef083ba0bcfeb4dba6459 ARTICLE_2_COLUMN-clone-30206864-20190411-110315   With 91% of respondents reporting business confidence, this is a 1% increase on the previous quarter (Q2 2021) which noted 90% of respondents indicating confidence. This is an encouraging trend, in comparison to 68% confidence 12 months ago in Q3 of 2020. More results on Turnover & Net Profit https://www.corkchamber.ie/economic-trends/ Employment Outlook https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1btcs918krr?lang=en?rss=true [ https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/jkwrnosip8x/external ] 03 Feb 2020 12:00:00 GMT 4447db2de61366ff1915b817e36f9e3c ARTICLE_2_COLUMN-clone-30206874-20190411-110611 <a href="https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/jkwrnosip8x/external" target="_blank" rel="noopener"><img src="http://corkchamberofcommerce.newsweaver.ie/v2files/shard1/8881/d4/1c33ec22a235f4e3ecd6c3.jpg" style="margin: 0px;" width="434" height="287" hspace="0" vspace="0" alt="" /></a> Employment Outlook https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/azv4nz31eaw?lang=en?rss=true In Q3 2021 56% expect an increase to employee numbers, which aligns with current reopening and expectation of the Christmas season ahead. "61% of businesses have open job vacancies yet 42% are reporting difficulty in filling open roles. Skills is firmly on the agenda for all. The current confidence must be harnessed, and indigenous businesses should be especially supported to benefit from an investment in education, skills, apprenticeships, and trades for an evolving workforce.’’ ." Paula Cogan, President of Cork Chamber 03 Feb 2020 12:00:00 GMT 40b80374f83428b46ced9435ad69981b ARTICLE_2_COLUMN-clone-30206874-20190411-110611 <div style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 13px; text-align: left; background-color: #ffffff; border-radius: 0px;"> In Q3 2021 56% expect an increase to employee numbers, which aligns with current reopening and expectation of the Christmas season ahead.    "61% of businesses have open job vacancies yet 42% are reporting difficulty in filling open roles. Skills is firmly on the agenda for all. The current confidence must be harnessed, and indigenous businesses should be especially supported to benefit from an investment in education, skills, apprenticeships, and trades for an evolving workforce.’’ ." Paula Cogan, President of Cork Chamber </div> More on Employment Outlook https://www.corkchamber.ie/economic-trends/