Business Barometer

Over 13k new Irish companies have been formed so far this year - up 14% on 2015's total.

Our statistics reveal that between the 1st January and 18th August 2016, 13,164 Irish companies have been set-up - an increase of 14% on the same period in 2015 (11,526).

With the exception of January and July, every other month this year has seen an increase in start-ups over the corresponding month in 2015.

The professional services sector remains the most popular industry for company start-ups in 2016, accounting for one in five (2,629) new companies.

The second most popular area for new companies is the financial services sector - 1,740 start-ups have been registered in that industry this year.

Social & personal services, wholesale & retail and construction round out the top 5 most popular sectors and, between them, account for just over 29% of start-ups this year.

Dublin remains the busiest location for new company start-ups with 45% using it for their registered address. Cork is the second most popular are with 12% of start-ups situating there.

Galway, Kildare and Limerick are the next most popular locations with a further 11% of new companies being based in one of these counties.

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