7,665 new companies have been formed in Ireland between the 1st January and 12th May 2016.
That’s an average of almost 60 per day.
Most are in the professional sector – accountants, consultants, legal practice and the like.
Finance and wholesale & retail sectors were the second and third most popular industries for start-ups.
The construction sector has rocketed with a 29% increase in numbers this year.
Meanwhile, 9,864 businesses were registered in Ireland. 65% (6,377) were set-up by sole-traders, 26% (2,517) by companies and the remainder by partnerships (two or more individuals).