Business activity picks up as level of start-ups increases by 2.6%, says BoI

THERE was a 2.6% increase in the level of new business start-ups in the third quarter of the year — compared to the second quarter — according to figures from Bank of Ireland.

According to the bank’s latest quarterly Business Start-Up Baromoeter 3,343 new company registrations were lodged between the start of July and the end of September.

A total of 3,262 registrations were evident in the previous quarter. However, the number of new company registrations in the year to date is 9,974 — which is a drop of 14% on the same timeframe last year, when the total was 11,614 new companies.