Future is bright for 70% of SMEs

Despite inflation and drop off in spending, survey shows majority are optimistic about economic conditions this year

A third of SMEs said inflation was the most pressing challenge facing their business today

The majority of Irish small-to-medium sized enterprises are optimistic about the business environment in Ireland for 2023 despite the myriad challenges facing the economy, a new survey has found.

Despite difficulties including high inflation and falling consumer demand, 70 per cent of Irish SMEs said they were either “quite optimistic” or “very optimistic” when asked about their outlook for 2023 in a recent survey carried out by Melior Equity Partners, the Dublin-based private equity firm.