Economic Trends - Economic Trends Q4 - 2024 https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/ en-us 21 Jan 2025 04:19:20 GMT 21 Jan 2025 04:19:20 GMT 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/ixqd3kka3yd?lang=en?rss=true 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%). 05 Jul 2023 12:00:00 IST 392763a8f452744b4d64daa5efebbdac ARTICLE_1_COLUMN-clone-32694128-20220414-090440 <p><span style="font-size: 12px;">77% of respondents expressed confidence in the Irish economy in Q4 2024. Business confidence from an overall financial perspective also remains high at 96%. </span></p> <p> </p> <p><span style="font-size: 12px;">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%). </span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/a2/4efe9c3afc96790a4c26b9.jpg Measures https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1sfjunxpsk2?lang=en?rss=true 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. 19 Apr 2022 12:00:00 IST 163a9b908108539d3a8eac659a02df58 ARTICLE_1_COLUMN-clone-32694133-20220405-141712 <p style="margin: 0cm 0cm 8pt; line-height: 115%; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px; color: rgb(255, 255, 255);">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.</span></p> <p style="margin: 0cm 0cm 8pt; line-height: 115%; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px; color: rgb(255, 255, 255);"><strong>67% of respondents stated that they are likely to implement new energy efficiency measures in 2025. </strong></span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/1b/0054c394a9162088e1e97c.jpg Barriers https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/749h4xp9wji?lang=en?rss=true 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. 08 Oct 2024 12:00:00 IST be44de4e6b95c69462745bc7e60c6710 ARTICLE_1_COLUMN-clone-32694133-20220405-141712 <p style="margin: 0cm 0cm 8pt; line-height: 115%; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px; color: rgb(255, 255, 255);">Accessing financing for energy efficiency upgrades was cited as the number one barrier to improving energy efficiency by businesses. </span></p> <p style="margin: 0cm 0cm 8pt; line-height: 115%; font-size: 12pt; font-family: Calibri, sans-serif;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px; color: rgb(255, 255, 255);">When asked about resources that would help their business implement more efficient practices, 58% of respondents cited grant supports as the most valuable resource.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/a2/f2cda8fdb950458afdf8b0.jpg More Findings https://www.corkchamber.ie/quarterly-economic-trends/ Changes to employee numbers https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/88poq0aa92n?lang=en?rss=true 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. 19 Apr 2022 12:00:00 IST 220ba16fbcbcbc62180baa492fd3f4fb Two Column Articles - Hero Image <p><span style="font-size: 12px; font-family: Arial, Helvetica, sans-serif;"><span style="color: rgb(39, 39, 101); text-align: left; white-space: normal; float: none; display: inline;">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.</span> </span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/ee/243c0c3deef3d1973da9a9.jpg Barriers to hiring https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1h221carjjg?lang=en?rss=true 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). 19 Apr 2022 12:00:00 IST 7c8e60b0c90c49d23240da089dfbc7e4 Two Column Articles - Hero Image <p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 12px;"><span style="color: rgb(39, 39, 101); text-align: left; white-space: normal; float: none; display: inline;">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).</span> </span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/1b/043363f841037208a81922.jpg Browse Full Results Online https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/htjx9752ny4?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 end of 2024. 19 Apr 2022 12:00:00 IST 5dd1e0774565872fb322d9b9d8fc8e4e 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 end of 2024.</span></p> http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/65/87afbc2b52c317b6966756.png Browse Results Here https://www.corkchamber.ie/quarterly-economic-trends/ Charity winner https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/blg3rw514xf?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 Michael McCarthy, MMC Quantity Surveyors. 17 Jan 2023 12:00:00 GMT e018ecc5608122fc6659d9a62995f384 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 Michael McCarthy, MMC Quantity Surveyors.</span></p>