77% of respondents expressed confidence in the Irish economy in Q4 2024. Business confidence from an overall financial perspective also remains high at 96%. 

 

The top reason for a lack of confidence in the Irish economy was housing supply, cited by 30% of respondents, followed by rising business costs (25%), geopolitical concerns (20%) and inflation (15%). 


 
 

The majority of businesses have already undertaken some energy efficiency measures, including upgrades of equipment/facilities, usage of renewable energy, and changes to waste management practices. 70% reported a notable benefit since implementation.

67% of respondents stated that they are likely to implement new energy efficiency measures in 2025. 


 
 
 

Accessing financing for energy efficiency upgrades was cited as the number one barrier to improving energy efficiency by businesses. 

When asked about resources that would help their business implement more efficient practices, 58% of respondents cited grant supports as the most valuable resource.


 
 

36% reported growth in employee numbers in Q4 2024, up from 25% in Q3. The number of firms reporting a reduction in employee numbers fell from 12% in Q3 to 9% in Q4. A majority of firms (52%) predict an increase in employee numbers in 2025. 


 
 
 

Of the 42% of respondents with vacancies advertised at present, 52% reported difficulties with filling vacancies (i.e. remaining vacant for three months or more following initial advertisement).


 
 

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 end of 2024.


 
 

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 Michael McCarthy, MMC Quantity Surveyors.