Chamber survey shows Dublin business confidence on the rise

Four out of five companies in Dublin have reported that their level of business has either increased or remained stable over the past three months, according a new survey.

Four out of five companies in Dublin have reported that their level of business has either increased or remained stable over the past three months, according to a new survey.

The Dublin Chamber of Commerce quarterly Business Index indicated that some 91% of respondents said they expect business levels to increase or remain stable over the next three months, a 5% increase on last quarter.

Economic outlook has also improved with 83% saying their confidence in the economy is higher or the same as it was 3 months ago – up 18%.

"We have continually said that business must be at the heart of our recovery, so the results of this survey are extremely positive," said Gina Quin, Dublin Chamber chief executive.

"However, we must not become complacent.

"Confidence and stability are key factors for the continued growth of our economy, therefore, it is crucial that Dublin and Ireland remains an attractive location for business to invest, grow and succeed.”

There were also positive indications in the survey when it came to profitability, with 74% expecting profits to increase or remain the same.

In addition, employment appears to be stabilising as 84% of companies said that they expect staff levels to either increase or remain the same over the next three months.

Dublin Chamber is the largest chamber of commerce in Ireland with over 1,300 member companies.

Its second quarterly survey ran from April 5 to 19, 2012, with a response rate of 10% and a margin of error of plus or minus 5%.