But the number of businesses passing soaring costs on to customers has increased, a Linked Finance survey indicatesNiall O'Grady, chief executive of Linked Finance, said businesses are showing resilience despite the uncertain economic and geopolitical landscape. Photograph: Bryan MeadeAgainst a backdrop of soaring inflation, the number of Irish SMEs that are charging customers higher prices for their goods and services rose sharply between April and June, a new survey has suggested.
The overall optimism index, based on a survey of 361 business owners and managers across the country, was up slightly to 62 out of 100 in the second quarter, having dipped by 7 points from 68 to 61 between the final quarter of 2021 and the first quarter of this year. “Inflation hit 9.1% in July,” Linked Finance said, “and SMEs in Ireland are looking to recover their higher input costs by increasing prices, with only one in three of SMEs reporting lower profits. This suggests an ability to maintain margins and pass on input cost increases to customers.”
IrishTimes Long game purpose of lockdowns coming to fruition unfortunately.Businesses just accepted their own destruction and people have enabled the massive wealth transfer.
IrishTimes They shouldn't. What they should do is look at the market indicators and take the necessary precautions,,,now!