Survey Results
The Q2 2024 Economic Trends survey of Cork Chamber members gathered insights into their experiences during April, May and June. Sponsored by PTSB, this survey provides a snapshot of business experiences and priorities ahead of the upcoming Budget 2025.
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Budget 2025 will look to address critical economic priorities, amidst a backdrop of global economic uncertainty. This survey captures the sentiments and priorities of businesses regarding the potential fiscal policies.
View more budget feedback
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Confidence in the Irish economy has declined to 72% in Q2, compared to 77% in Q1 and 85% in Q4 2023.
Respondents reported housing supply (33%) as the number one reason for a lack of confidence, followed by rising business costs (17%) and speed of infrastructure delivery (14%)
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A significant portion of businesses report increased employee numbers in Q2 (36%), compared to 24% last quarter. Those experiencing a decrease in employee numbers has declined from 15% in Q1 to 10% in Q2. 54% reported that their employee numbers stayed the same over Q2.
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Out of the 47% of respondents that have vacancies advertised, 42% are finding it difficult to fill them. Specialist skills shortages (50%) is the top barrier, followed by wage demands (21%) and housing (18%). The cost of living and challenges in obtaining work permits were also noted.
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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 Q2 2024.
Browse results here
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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 Andy Mackin, Mackin Group.
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