Number of SMEs seeing rise in turnover on decline, survey shows

Hotels and restaurants sector shows a notable decline in trading conditions

The hotels and restaurants sector has reported one of the lowest net turnovers. File picture

The number of small and medium-sized enterprises (SMEs) that reported an increase in turnover during the last calendar year has declined, with the hotels and restaurants sector seeing a notable decline in trading conditions, a new survey has shown.

According to the latest SME Credit Demand Surveys, conducted by the Ipsos B&A on behalf of the Department of Finance, 44% of all businesses surveyed reported increased turnover for the calendar year 2024 which is down from 52% in 2023.