SMEs 'optimistic' despite Covid impact on revenues

SMEs were closed for an average of 18 weeks last year due to the coronavirus pandemic.

More than 70% of SMEs saw a drop in revenue last year – with nearly a quarter seeing turnover fall by more than half - due to the impact of the pandemic, according to the Central Statistics Office (CSO).

SMEs responding to the CSO’s latest Covid business impact survey said they were closed for an average of 18 weeks last year.