Business confidence among food and agri firms slumps to five-year low

Over 50% of participants in a new report said rising costs of raw materials are the biggest threat to growth.

Staff shortages also continue to put businesses under pressure, said Ifac.

Business confidence among small Irish food and agri firms falls to a five-year low, according to food consultancy group Ifac.

Inflation, high salary expectations and Brexit have contributed to this dive in optimism, reveals the group’s latest report.