CEO Survey 2024 / Overview
- Perceptions of the Irish business environment are unchanged since this time last year, remaining positive but lagging somewhat behind how business leaders rate their own organisation’s performance, 1 in 5 of whom opted for the highest rating of ‘very good’ and peaking amongst businesses in the services sector and mid-size enterprises.
- When reflecting on 2024, almost all participants (92%) experienced increases in the cost of doing business, primarily due to labour cost pressures and input cost inflation, challenges that affect almost all businesses to some degree (96% and 90% respectively).
- Looking forward, expectations are that the cost of doing business will continue to increase in 2025 for most (88%) and though there is positivity with 6 in 10 firms expecting to see increased demand/turnover and increases expected in both domestic and export sales, these show no real change since the last survey.
- The cost of doing business is the top internal and external priority for businesses, reflecting the universal reach of increased and increasing business costs.
- External priorities are spread across a range of dimensions with increased focus expected to be given to business regulation, which is now a priority for over half of Ibec members (up from 41% to 54%).
- The most significant policy priorities for the new Government are housing and the cost of doing business, identified by 78% and 74% of CEOs respectively.
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Ibec CEO Survey 2024 pdf | 1212.9 kb