Inflation a worry for private firms

INTEREST rates and inflation are the issues causing the most concern for privately owned business in Ireland.

A survey conducted among a sample of privately owned businesses found monetary issues were identified by 41% as causing the most concern this year, while 39% cited “general company profitability prospects” and 8% identified labour issues and general economic conditions.

Two out of three privately owned businesses said they are positive about their company’s outlook for the year ahead while one in four said they are “very confident” they would have a good year.