First-time homebuyers are older and earning more than ever - reportBanking & Payments Federation Ireland’s mortgage market report highlights the changing profile of buyers in Irish property marketFri Nov 17 2023 - 16:13
Slowdown in Irish labour market described as ‘striking’ as tech jobs fall by 3,400 IT sector suffers sharpest turnaround with jobs growth swinging from 8% year-on-year in December last year to -2.7% in SeptemberThu Nov 16 2023 - 16:25
Dublin house prices decline by 1.9% as higher interest rates deter buyersLatest CSO data highlights a fall-off in transactions in SeptemberWed Nov 15 2023 - 11:28
Irish economy expected to shrink this year for first time in over a decadeEuropean Commission predicts GDP will contract by 0.9% this year before growing by 3% in 2024 and 3.4% in 2025Wed Nov 15 2023 - 10:02
Tullow cuts full-year production forecast for second timeOil firm cites delays at its Jubilee South East site in GhanaWed Nov 15 2023 - 08:15
Ministers hail sea-change in housing supply Based on current trends, new home completions are expected to exceed this year’s target of 29,000 unitsWed Nov 15 2023 - 06:00
Household wealth slips by €12bn amid falling share pricesHeadline figure of €359bn was down from €371bn the previous year, driven by declining equity values, says CSOTue Nov 14 2023 - 16:22
Bidding process for buying homes in Ireland could be overhauled after expert processScottish model of closed bids where ‘highest bidder gets the house’ will be examined, Taoiseach saysTue Nov 14 2023 - 14:41
Government on course to exceed housing targets in 2023 and 2024, says Taoiseach Based on completion and commencement trends to date, Government says output is likely to exceed this year’s target of 29,000 units and next year’s 33,000 targetTue Nov 14 2023 - 13:00
A second Trump presidency and the divisive politics of immigrationFormer president’s careful manipulation of grievances related to globalisation and mass immigration has put him ahead of Biden in five of six key swing statesSun Nov 12 2023 - 11:04
European shares hit three-week high on earnings boostIn Dublin, Flutter tumbles on back of dour earnings forecastThu Nov 09 2023 - 18:19
Irish inflation falls back to 5.1% as energy prices continue to dropLatest Consumer Price Index indicates that prices on a monthly basis rose by 0.3 per cent in OctoberThu Nov 09 2023 - 12:05
Jones Engineering reports record €1.08bn revenue despite ‘challenges’Irish engineering group specialises in large-scale infrastructure projectsThu Nov 09 2023 - 08:00
Vacant property acquisitions scheme delivers just 900 unitsWhen it was established in 2017, the Housing Agency Acquisitions fund had a target of acquiring 1,600 units over four yearsThu Nov 09 2023 - 06:00
Euro zone retail sales weaken further as recession fears growEurostat says sales in the 20 countries sharing the euro fell by 2.9% year-on-year in SeptemberWed Nov 08 2023 - 12:28
Oil and gas companies warned to prepare for inevitable decline in demandReport by UK think tank says traditional energy companies face tough choices to preserve shareholder valueWed Nov 08 2023 - 05:15
Inflation across OECD falls to 6.2% in September as energy prices fall furtherPrice growth in the industrialised world has been easing on the back of weakening demand, which is itself linked to higher interest ratesTue Nov 07 2023 - 16:59
Kingspan falls most since April amid sales slowdownInsulation maker shares drop as much as 5.8% even as it expects record full-year profitMon Nov 06 2023 - 16:55
Number on live register falls despite rise in unemploymentAccording to the Central Statistics Office, there were 175,500 claimants on the register in OctoberMon Nov 06 2023 - 11:29
Will Ireland’s technical recession morph into a real one?The lagged effects of higher interest rates have triggered a slowdown but so far employment and wages are holding upSun Nov 05 2023 - 10:33
Unemployment rises for third consecutive month as Irish labour market softensCSO figures show the State’s headline jobless rate rose to 4.8% in OctoberThu Nov 02 2023 - 11:59
Some 6,500 workers are being paid less than minimum wage, ESRI study findsJust a quarter all employees aged 15–19 were paid at rates below the minimum wage, ESRI research indicatesThu Nov 02 2023 - 05:45
Glanbia upgrades earnings forecast as sports nutrition business outperformsKilkenny-based food giant sees strong revenue growth across its performance nutrition divisionWed Nov 01 2023 - 07:45
Is a Europe-wide recession now inevitable?With the euro zone economy in retreat, there is a now realistic chance that Europe will be in a recession by ChristmasTue Oct 31 2023 - 16:17
Euro zone inflation falls but economy contractsSlowdown likely to cement view that ECB will not be raising interest rates any further in the current cycleTue Oct 31 2023 - 10:13
First we had climate denial, now we have the great net-zero conSeventy-five of the world’s largest 112 fossil fuel companies have committed to reaching net zero but most are continuing to invest in climate-damaging projectsSun Oct 29 2023 - 12:00
Spending on housing significantly behind target again despite crisis€4 billion earmarked for spending on social and affordable housing this year - only €1.9bn spent up to end of SeptemberThu Oct 26 2023 - 06:00
Stocks struggle as soft earnings compound interest rate headacheMixed earnings raise concern about US economy as European bourses hit by slump in Worldline sharesWed Oct 25 2023 - 17:32
Some 22,000 new homes built so far this year as apartment boom in Dublin continuesCSO’s new dwellings completion series provides the most accurate picture of residential construction rates in the StateWed Oct 25 2023 - 11:51
House prices in Dublin now falling by almost 2%Latest official figures point to a further slowdown in the State’s property market on the back of rising borrowing costsTue Oct 24 2023 - 11:43
European shares edge down as geopolitical tensions weigh Pan-European Stoxx 600 ends 0.1 per cent lower after declines of over 3 per cent in the previous weekMon Oct 23 2023 - 18:13
Ireland identified as one of world’s top tax havens Ireland and Netherlands saw largest amount of profit shifting worth more than $140bn for each in 2019, report by EU Tax Observatory saysMon Oct 23 2023 - 12:52
State still owed €1.9bn by 60,000 businesses which deferred Revenue debts during CovidBulk of debt still owed through scheme is warehoused by only 5,900 businessesMon Oct 23 2023 - 05:00
CIF predicts record post-crash housing output next year as costs ‘stabilise’Organisation’s director of housing and planning says residential construction will pick up significantly next year if planning decisions speed upMon Oct 23 2023 - 05:00
Business leaders fear ‘catastrophic cyber attacks’ on back of generative AIPwC digital survey also highlights sharp rise in the number of companies reporting €1 million data breachesMon Oct 23 2023 - 05:00
What the Irish economy needs? More working mothersOECD statistics indicate Ireland has very low participation rates for mothers, particularly for those from a low educational backgroundSun Oct 22 2023 - 16:05
New 15% tax rate for multinationals forms cornerstone of Finance BillCompanies will be liable to pay a new top-up tax from next yearThu Oct 19 2023 - 16:06
Irish national debt equates to €43,357 for every man, woman and child in the StateCSO statistics show State’s headline debt fell by €11.4bn to €224.8bn at the end of 2022Thu Oct 19 2023 - 14:24
Government should move away from one-off payments in budgets, says ESRI Think tank also claims money being set aside in two new State funds is modest in context of record €22.6bn corporate tax haulWed Oct 18 2023 - 17:30
State’s gender pay gap was 9.6% last year, CSO findsData indicates mean hourly earnings for males last year were €27.73 compared to €25.06 for femalesWed Oct 18 2023 - 12:45
Close to 1,600 companies to be hit with new 15% corporate tax rateLevy legislation to take up roughly half of Government’s Finance Bill, which is to be published on ThursdayTue Oct 17 2023 - 14:32
Spectrum Life to create 60 new jobs with new NI operationDublin-headquartered digital mental health group expands into Northern IrelandTue Oct 17 2023 - 07:48
Certa opens Ireland’s first HVO biofuel station in DublinDCC subsidiary says new Liffey Valley station is first to make HVO available at all pumps alongside diesel and unleaded petrolTue Oct 17 2023 - 07:34
Irish exports hit by global slowdown and fall-off in demand for Covid vaccines Latest trade numbers show value of merchandise exports for the first eight months of the year were down by 5%Mon Oct 16 2023 - 12:20
Are Irish workers really the most productive on the planet?CSO figures suggest Irish workers here generated €105 worth of value for every hour they worked in the second quarter, more than any other group of workersSun Oct 15 2023 - 13:16
Locking future governments into prudent budgeting marks a new departure Budget 2024: McGrath’s creation of two new long-term investment funds places significant obstacle in way of future finance ministers who might be tempted to splurge for political reasonsFri Oct 13 2023 - 05:00
Budget to boost incomes by 2%, insulating households from inflation – ESRIThink tank’s annual study of budgetary measures suggests there will be higher gains for low-income compared to high-income householdsFri Oct 13 2023 - 00:15
Temporary measures in budget no longer justified and risk stoking further inflation, says watchdog Irish Fiscal Advisory Council claims one-off measures run risk of fanning further inflationTue Oct 10 2023 - 20:23
Budget 2024 a prime example of tension between politics and economics Announcing an expansionary budget when economy is at full employment and inflation is high appears to be politically motivatedTue Oct 10 2023 - 17:11
Plans for €100bn wealth fund announced in budget to ‘future-proof’ public financesUp to €4.3 billion or 0.8 per cent of gross domestic product (GDP) generated from excess corporate tax receipts to be diverted to new sovereign wealth fundTue Oct 10 2023 - 13:19
