SMEs should benefit from easing inflation as real incomes recover

As post-covid government supports expire, the services sector, which is mainly made up of SMEs, is likely to need private consumption to increase

Average incomes have kept pace but prices remain high.

Small and medium-sized firms should benefit from easing inflation as a strong economy sees real incomes recover.

The latest SME Market Monitor published by Banking & Payments Federation Ireland (BPFI) shows that costs have increased due to high inflation but average household incomes seem to have kept pace.