Concerned about inflation the number of Irish people starting new companies has fallen

New data shows urban hubs Dublin, Cork, Galway, and Limerick recorded decline in company start-up numbers

Growth was seen in some sectors weakened during Covid restrictions, with hotels and restaurants rebounding by 14%.

Soaring inflation appears to have impacted individuals wishing to begin their own business venture, with the number of new company start-ups falling 12% in the first three months of the year.

New data shows urban hubs such as Dublin, Cork, Galway, and Limerick all recorded declining numbers in company start-ups when compared with the same period in 2021.