The Q1 2025 Economic Trends survey gathered insights into Cork Chamber members’ experience of doing business across January, February and March 2025, prior to the announcement of US tariffs. Sponsored by PTSB, this edition focused on international trade, asking members about their experience of trading internationally and the challenges they face in growing their business globally.
INTERNATIONAL TRADE
While the majority of businesses surveyed do not foresee any major barriers to growing their level of international trade, 81% expressed concern about the impact of geopolitical developments on their ability to trade internationally.
74% of respondents expressed confidence in the Irish economy in Q1 2025, on a par with the last quarter of 2024.
EMPLOYMENT DATA
There was a slight decrease in the number of respondents projecting an increase in employee numbers over the next 12 months, down from 52% in Q4 2024 to 45% this quarter.
Of the 41% of respondents with vacancies advertised at present, 27% reported difficulties with filling vacancies (i.e. remaining vacant for three months or more following initial advertisement).
VIEW FULL RESULTS ONLINE
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 Q1 2025.
Thanks to all respondents who contributed to our Economic Trends Survey. The lucky winner of our quarterly draw will be receiving a €200 Options Card voucher.
