Irish companies increasingly optimistic about prospects, survey finds

Cranes in Dublin. Construction and manufacturing rate their prospects at 7.1, amid continued strong demand for homebuilding and infrastructure development. Photograph: Bryan O'Brien

Irish companies on average rated their economic prospects at 6.5 out of 10, up from the 6.1 recorded in June. But the survey, which was compiled by the professional services firm Azets Ireland and questioned 136 firms across Ireland, pinpointed a number of concerns. That was more pronounced in the manufacturing sector where 80 per cent have increased wages as a result of inflationary pressures and 70 per cent said they have increased prices. In the hospitality and retail sector, that stood at 54 per cent.

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