Cork Chamber survey shows business confidence stabilising

43% of businesses said they planned to increase employee numbers over the next 12 months

'We saw a very positive steadying of business confidence in this first quarter.' Paula Cogan, president of Cork Chamber. Picture: Darragh Kane

Business confidence is stabilising among companies, according to the latest Economic Trends Survey by Cork Chamber.

According to the survey conducted in the first quarter of 2021, 84% of respondents reported business confidence, showing a clear upward trajectory from the 68% in Q3 of 2020. A further 42% of businesses anticipate an increase in turnover in the second quarter of 2021.