Irish SMEs perform well despite inflation concerns

82% of Irish SMEs reported a performance better or in line with expectations in the first six months of the year

Linked Finance's SME confidence index showed two-thirds of businesses were experiencing higher or the same level of profitability compared to last year.

More than four in five Irish SMEs reported a performance better or in line with expectations in the first half of the year, despite a challenging macroeconomic environment and supply chain disruption.

Linked Finance's SME confidence index showed two-thirds of businesses  were experiencing higher or the same level of profitability compared to last year. This comes amid a period of soaring prices, with Ireland's inflation rate reaching 8.9% in August.