Cork firms see rise in optimism

There was an increase in confidence among businesses in the Cork region over the past quarter with most respondents expecting to see an increase in turnover and net profits over the next year.

However, the unemployment outlook remains challenging and access to capital is still an issue, according to the Cork Chamber of Commerce’s Q2 Economic Trends.

“Confidence among members about the financial future of their business has increased significantly since the Chamber’s economic trends survey series began in 2009. Some 91% now say they are confident in the future of their business, up 4% from Q1 and up 15% from the same quarter last year.