Commercial property investment falls to decade-low of €2bn in 2023 – report Sherry FitzGerald highlights impact of higher interest rates and remote working on commercial investmentThu Jan 11 2024 - 14:10
Value of Irish food and drink exports drops as inflation hits consumer spendingBord Bia’s latest export performance and prospects report cites significant downward pressure on trade pricesWed Jan 10 2024 - 19:35
Housing rents in Republic have doubled since 2010, Eurostat figures showAgency’s latest report notes house prices and rents across Europe have ‘evolved differently’ in recent yearsWed Jan 10 2024 - 15:47
AI-driven misinformation now world’s biggest short-term threat, World Economic Forum warnsForum releases Global Risks Report ahead annual gathering of world and business leaders in Swiss ski resort of Davos next weekWed Jan 10 2024 - 12:46
Glenveagh expects to deliver 2,700 new homes this yearHomebuilder said group revenue fell by 6 per cent to €608 million from €645 million in 2022Wed Jan 10 2024 - 09:05
Global economy heading for weakest half-decade of growth in 30 years, World Bank warns Washington-based bank says mounting geopolitical tensions could create fresh near-term hazardsTue Jan 09 2024 - 16:15
Retail sales rise in November despite financial squeezeSales increased by 0.2 per cent in the month and were up by 0.8 per cent on an annual basisTue Jan 09 2024 - 12:40
Some 3,200 first-time buyers avail of Government’s new First Home SchemeMajority of approvals were for buyers in Dublin, Cork, Kildare, Meath and WicklowTue Jan 09 2024 - 11:44
First-time buyers availing of State schemes accounted for 61% of mortgage transactions last yearAverage first-time buyer mortgage value now at €294,836, up €19,000 on previous year, says Banking and Payments FederationTue Jan 09 2024 - 00:00
European shares end higher as tech, retail lead reboundPan-European Stoxx 600 closes 0.3 per cent higher after falling as much as 0.7 per cent during the dayMon Jan 08 2024 - 19:07
Ukraine and Gaza wars threaten global political order, and countries co-operating less on health – reportWorld Economic Forum releases new co-operation barometer ahead of its annual meeting in Davos next weekMon Jan 08 2024 - 17:54
Government uses bumper corporate tax receipts to pay for €1bn health overrunExchequer returns show surplus was €1 billion less than Government forecast in October’s budgetFri Jan 05 2024 - 04:52
Public finances: 2023 may go down as tax sweet spot but storm clouds loomDepartment’s record exchequer numbers for the year just ended may be as good as it getsThu Jan 04 2024 - 19:02
Exchequer surplus drops to €1.2bn from €5bn in 2022Year-end exchequer returns show tax revenue rose by almost €5bn or 6% last yearThu Jan 04 2024 - 15:00
Inflation climbs to 3.2% as hopes fade of imminent ECB rate cut Headline price growth in economy rises despite falling energy pricesThu Jan 04 2024 - 11:55
Talk of ECB cutting interest rates in March is premature, analysts warnAs inflation falls, speculation that Frankfurt will begin to loosen the monetary reins sooner-than-expected has increased, but when can we expect the first rate cutThu Jan 04 2024 - 06:00
Irish services sector sees further expansion but cost pressures remainAIB’s latest purchasing managers index (PMI) for services fell from 54.2 in November to 53.2 in December, signalling slower growthThu Jan 04 2024 - 00:00
DNG adds to chorus of estate agents predicting house-price growth in 2024Company sees low single digit growth in Dublin but no price correctionWed Jan 03 2024 - 06:00
Irish households saving more than their European counterparts despite poor returnsConsumers in the State put aside an additional €4.5bn during the first 10 months of the yearThu Dec 28 2023 - 14:58
Social workers, credit controllers and accountants among most in-demand professionsRecruiter finds more than half of workers are open to job opportunities that don’t offer hybrid working arrangementsThu Dec 28 2023 - 12:38
Irish economy has stalled and corporation tax is wobbling but what will 2024 bring?Biggest concern for the year ahead appears to centre on whether ECB has gone too far with rate risesThu Dec 28 2023 - 06:00
Beacon hospital blames downturn in profitability on cost inflationDenis O’Brien-controlled private hospital operator saw profit before tax fall from €4.4 million in 2021 to €1 million last yearFri Dec 22 2023 - 06:00
Irish productivity levels inflated by multinationals, CSO figures showLabour productivity for foreign sector was €405.90 per hour compared with just €54.40 per hour for domestic sectorThu Dec 21 2023 - 14:03
Too early to declare victory over inflation, warns ECB chief economist Wages particularly in the services sector are still rising even if energy price shock and pandemic bottlenecks are ‘behind us’, Philip Lane saysWed Dec 20 2023 - 17:29
State had second highest public healthcare spend per person in EU in 2022CSO data indicates State spent €58.4bn on social protection last year, including €4,582 on public healthcare per inhabitantWed Dec 20 2023 - 14:25
Main housing bodies deliver 5,325 new homes Housing Alliance says it is ahead of target in the delivery of social homes for 2023Tue Dec 19 2023 - 17:48
Sharp adjustment in Ireland’s €50bn commercial property market ‘likely to continue’Central Bank officials discuss ongoing turmoil in the sector in response to cycle of rate hikesTue Dec 19 2023 - 17:37
Ireland Funds America gave $16.5m to almost 240 organisations in 2022Latest accounts for US-registered philanthropic group show revenues raised through donor gifts and fundraising events rose last year but investment income fellTue Dec 19 2023 - 06:00
Irish economy on ‘slower growth path’ amid high interest rates, Central Bank warnsRegulator says ongoing transmission of tighter monetary policy to the economy will weigh on growthTue Dec 19 2023 - 00:00
Five companies account for 43% of Ireland’s goods exports in 2022Pharmaceutical-related products accounted for almost two-thirds of Irish goods exports last yearMon Dec 18 2023 - 13:48
Irish households paying a mortgage experiencing higher inflationCSO study finds cost of living increase of 7.8 per cent for such borrowers compared with a rate of 5.6 per cent for households that own their home outrightMon Dec 18 2023 - 11:52
As Irish economy teeters on the brink of recession, will there be a hard or soft landing?The ‘soft landing’ scenario is now the dominant economic narrative supported by most of the agencies here, including the ESRI, Central Bank and the Government, but will it play out?Sun Dec 17 2023 - 12:35
Irish inflation drops to 3.9% as falling energy prices ease pressure on householdsLatest figures reflect a general easing of price pressures across the Irish economyThu Dec 14 2023 - 11:38
State’s bilateral trade with France hits record €30bn in wake of Brexit New study highlights increasing importance of French market for Irish exportersWed Dec 13 2023 - 15:41
Ireland defies global tech downturn as service exports hit record €340bnComputer service exports, including from big names such as Meta and Google, accounted for 58% of State’s total services trade last year, CSO figures showMon Dec 11 2023 - 14:50
EVs comprise almost a fifth of all new cars registered so far in 2023Transition to electric motoring continues with more motorists opting to buy EVsMon Dec 11 2023 - 12:24
What was behind budget watchdog’s extraordinary broadside against the Government?The budgetary watchdog claims the Government is engaged in creative accounting to make spending look lower than it actually isSun Dec 10 2023 - 11:09
Cost-of-living squeeze forces Irish households to spend more and save lessCSO figures show household savings rate fell below 10 per cent in the third quarter of this yearFri Dec 08 2023 - 12:05
An Post keeps gender pay gap at zero as female recruitment push continuesThe company says it now has a negative mean, or average, gender pay gap of 3.8 per centFri Dec 08 2023 - 08:10
Planning permissions for apartments more than doubleCSO figures show planning permissions were granted for 4,803 apartment units between July and SeptemberThu Dec 07 2023 - 12:43
Cost of building three-bed semi in Dublin jumps €90,000 to €461,000 in less than four yearsSociety of Chartered Surveyors Ireland report suggests buyers need €127,000 total salary to buy three-bedroom home in capitalThu Dec 07 2023 - 06:00
Budget watchdog accuses Coalition of ‘fiscal gimmickry’ while warning about its €6.6bn overspendIrish Fiscal Advisory Council claims Government is adopting an ‘everything now’ approach to budgeting which risks repeating past mistakesThu Dec 07 2023 - 01:00
Unemployment rises again as labour market shows signs of softeningCSO data for November put the headline rate at 4.8 per cent, up from 4.7 per cent previouslyWed Dec 06 2023 - 12:05
Public finances in rude health as tax receipts defy global slowdownLatest exchequer returns suggest Government on course to at least meet or exceed a projected budget surplus of €8.8 billion for 2023Wed Dec 06 2023 - 06:00
Economy entering period of slower growth, Ibec warns Employers’ group predicts GDP growth of just 0.1% this year while warning full impact of higher interest rates has yet to comeWed Dec 06 2023 - 05:00
Ireland’s winning streak on tax continues Latest exchequer returns point to another surge in corporate taxTue Dec 05 2023 - 19:46
Corporation tax receipts defy slump predictions with record €6.3bn haul in NovemberLatest exchequer returns show strong performance across all main tax heads, leaving the public finances in rude health in the run-up to ChristmasTue Dec 05 2023 - 16:30
Pick-up in services activity points to improved demand conditionsAIB’s latest purchasing managers index (PMI) for services points to expansion in total activity and new businessTue Dec 05 2023 - 05:01
Petrol and Percy Pigs: Applegreen and M&S plan 60 new food locationsForecourt operator has been selling M&S food products at five stores since last year but now plans to expand partnershipMon Dec 04 2023 - 08:41
Ireland will fail to meet renewable energy targets because of planning bottlenecks, say expertsState’s target of generating 80 per cent of electricity from renewables by 2030 is being frustrated by planning delays and insufficient electricity grid capacity, report claimsMon Dec 04 2023 - 08:10
