983 start-ups in August as growth continues in sectors hit by recession

Thirty-eight start-ups were set up every day last month as the total number of companies rose by more than 8% compared to the same period last year.

In total, 983 companies were formed in August, with industries particularly hard hit by the recession contributing significantly to this figure.

The number of construction start-ups grew 30% on the same period last year, while more finance companies were also established with 53 companies started compared to 31 in August 2013, according to figures released by credit and business risk analyst Vision-net.ie.