Business and Finance Business and Finance
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Optimism among SMEs at highest level in over a year - Linked Finance

Optimism among SMEs at highest level in over a year - Linked Finance


Published on 2024-12-05 04:30:46 - Bill Williamson, WOPRAI
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  • Optimism within the Irish SME sector is at its highest level for over a year, according the latest SME Confidence Index from non-bank lender Linked Finance.

The article from RTE discusses the latest findings from the Linked Finance SME Index, which indicates a slight improvement in the sentiment among Irish small and medium-sized enterprises (SMEs). Despite ongoing challenges such as inflation and supply chain disruptions, the index shows a cautious optimism with a small increase in business confidence. Key points include a rise in the demand for loans, particularly for working capital and expansion, reflecting a tentative recovery in investment intentions. However, concerns remain about rising costs, with many SMEs reporting increased expenses in energy, materials, and labor. The report also highlights regional disparities, with urban SMEs showing more resilience compared to their rural counterparts. Overall, while there are signs of stabilization, the economic environment remains uncertain, prompting SMEs to adopt a cautious approach to growth and investment.

Read the Full RTE Online Article at:
[ https://www.rte.ie/news/business/2024/1205/1484806-linked-finance-sme-index/ ]
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