There is a marked decrease in business confidence at 54%, down from 93% in Q4 2019.

"These are extraordinary times. Through our first economic trends survey of 2020, we see the growing impact across the Cork business community. Of stark contrast with previous quarters, we saw a dramatic decrease in those reporting business confidence to 54% from a previous 93%, the first such dramatic shift of this scale since the survey commenced in 2009. While not surprising, this is incredibly concerning."

Paula Cogan,

President, Cork Chamber.