Economic Trends - Economic Trends Q4

Economic Trends - Economic Trends Q4 - 2023 https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/ en-us 23 Jan 2024 03:14:29 GMT 23 Jan 2024 03:14:29 GMT https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/rss.xml Newsweaver conor@corkchamber.ie (Cork Chamber of Commerce) support@newsweaver.ie (Newsweaver) 60 true Survey Results https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/617zy8hc5s9?lang=en?rss=true At the close of 2023, Cork Chamber asked members about their experience of the most recent business quarter, Q4 2023 (October, November, December). This Economic Trends Q4 2023 captures a snapshot of business experiences and of the overall operating landscape in a period which saw a stream of investments as well as expansion announcements from some of the biggest employers in the region. 14 Apr 2022 12:00:00 IST 3f994cc010be23729015d0a02cac6840 FEATURE_ARTICLE-clone-32694127-20220414-090757 At the close of 2023, Cork Chamber asked members about their experience of the most recent business quarter, Q4 2023 (October, November, December). This Economic Trends Q4 2023 captures a snapshot of business experiences and of the overall operating landscape in a period which saw a stream of investments as well as expansion announcements from some of the biggest employers in the region. Business Confidence https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/130kp2yrx3t?lang=en?rss=true Despite international instability which has impacted supply chains, market dynamics and overall economic conditions, confidence in the Irish economy has exhibited resilience throughout the fourth quarter. Rising business costs are the top reason for a lack of confidence in the economy cited by 21% of business respondents, followed closely by housing supply (20%) and inflationary pressures (13%). 05 Jul 2023 12:00:00 IST cc61b90e21908f5cb8eda6146f5d10c2 ARTICLE_1_COLUMN-clone-32694128-20220414-090440   Despite international instability which has impacted supply chains, market dynamics and overall economic conditions, confidence in the Irish economy has exhibited resilience throughout the fourth quarter. Rising business costs are the top reason for a lack of confidence in the economy cited by 21% of business respondents, followed closely by housing supply (20%) and inflationary pressures (13%). http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/20/6382d4e874cb477400c47c.jpg Sustainability motivations https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/10kukiw2qd2?lang=en?rss=true Businesses are grappling with pervasive skills gaps evident across various sectors and professions. Particularly noteworthy are the acute skills gaps prevalent in science, engineering, and technology professions. Beyond these sectors, the survey results highlighted significant skills deficits in finance, marketing, sales, and customer service. 19 Apr 2022 12:00:00 IST 9e531a1cb79e3852bc1a78e24a8f3870 ARTICLE_1_COLUMN-clone-32694133-20220405-141712   Businesses are grappling with pervasive skills gaps evident across various sectors and professions. Particularly noteworthy are the acute skills gaps prevalent in science, engineering, and technology professions. Beyond these sectors, the survey results highlighted significant skills deficits in finance, marketing, sales, and customer service. http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/47/9ffaed6880ab084e458c9f.jpg View more skills gap results https://www.corkchamber.ie/quarterly-economic-trends/ Employee outlook for Q3 2023 https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1uw8xytmbfu?lang=en?rss=true 39% of respondents reported difficulties in filling vacancies over Q4 2023. Despite this challenging labour market, 47% of respondents plan to increase employee numbers over the next 12 months and only 1% expect them to decrease. 19 Apr 2022 12:00:00 IST cbe004d5b35eef4b81647f6182038f1b Two Column Articles - Hero Image 39% of respondents reported difficulties in filling vacancies over Q4 2023. Despite this challenging labour market, 47% of respondents plan to increase employee numbers over the next 12 months and only 1% expect them to decrease. http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/a6/a541073060e26ba1056558.jpg Top barriers to filling vacancies https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1cbc1jlysn9?lang=en?rss=true Specialist skills shortages have consistently remained the foremost obstacle in filling vacancies and continue to pose challenges to 67% of respondents. The availability of housing has been highlighted as the second most prominent challenge to filling vacancies (19%) followed by wage demands (11%). 19 Apr 2022 12:00:00 IST 77c5793718fb8078c6c64b62d71f08a0 Two Column Articles - Hero Image Specialist skills shortages have consistently remained the foremost obstacle in filling vacancies and continue to pose challenges to 67% of respondents. The availability of housing has been highlighted as the second most prominent challenge to filling vacancies (19%) followed by wage demands (11%). http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/a8/23fa5628ef146ae3127d70.jpg Browse Full Results Online https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/1iexbta059i?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 close of Q4 2023. 19 Apr 2022 12:00:00 IST 75a20cab59c84624eace8e57dadfd9f1 FEATURE_ARTICLE-clone-32694126-20220711-152607 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 Q4 2023. http://corkchamberofcommerce.newsweaver.ie/v3files/shard1/8881/57/ce3d050f835a5dbda0078e.jpg Browse results here https://www.corkchamber.ie/quarterly-economic-trends/ Charity winner https://corkchamberofcommerce.newsweaver.ie/92gv4l1ukx/a0zt1jj98v6?lang=en?rss=true Shine Centre for autism is this quarter's nominated charity to receive a €200 gift card. 17 Jan 2023 12:00:00 GMT 5344916af756ec34d23fd1932811d565 FEATURE_ARTICLE-clone-32694126-20220711-152607 Shine Centre for autism is this quarter's nominated charity to receive a €200 gift card.