Latest figures from the Vision-Net Business Barometer show that 1,511 Irish company start-ups were incorporated in January 2014. This is the first time since April 2008 that the number of start-ups being incorporated reached the 1,500 mark, in a calendar month.
An average of 48 new companies were set up per day this January – this is up 11% on the same period in 2013 when 1,362 start-ups were recorded (an average of 43 start-ups per day).
New businesses in the professional services sector accounted for almost 24% of new businesses incorporated, making it the most popular industry in January 2014. Wholesale and retail came second, making up a further 11% of start-ups. Despite the drop in popularity of the Construction sector in recent years it made third on the list, accounting for just over 8% of company incorporations.
You can view the full Business Barometer at BusinessBarometer.ie