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High inflation and low consumer confidence point to deteriorating outlook across OECD

High inflation and low consumer confidence point to deteriorating outlook across OECD

Agency says high-frequency data such as order books and confidence-indicators signal loss of momentum

Tue Aug 09 2022 - 11:50
More than half of Irish firms impacted by Brexit red tape

More than half of Irish firms impacted by Brexit red tape

CSO Global Value Chain participation survey details number of firms sourcing inputs from abroad

Mon Aug 08 2022 - 12:42
Live Register total falls again as labour market tightens

Live Register total falls again as labour market tightens

Conditions in State’s labour market continues to improve

Mon Aug 08 2022 - 12:39
More than half of local authority home loan applications rejected

More than half of local authority home loan applications rejected

State-backed scheme provides loans to first-time buyers who have been refused a mortgage by traditional lenders

Mon Aug 08 2022 - 05:00
Consumers spend more on groceries and restaurants, less on clothes and airport shopping

Consumers spend more on groceries and restaurants, less on clothes and airport shopping

Shoppers are looking for cheaper brands in supermarkets to keep money aside for treats at restaurants, Revolut data shows

Mon Aug 08 2022 - 05:00
Over half of employees believe a recession is ‘inevitable’, survey finds

Over half of employees believe a recession is ‘inevitable’, survey finds

Research by HR software firm Greenhouse also highlights impact of cost-of-living squeeze on jobs market

Mon Aug 08 2022 - 05:00
Brexit fantasy set to unravel with Johnson’s departure

Brexit fantasy set to unravel with Johnson’s departure

UK’s economic difficulties – from inflation to trade and staff shortages – are being compounded by Brexit

Sun Aug 07 2022 - 12:00
Real household income across OECD countries declines as recession looms

Real household income across OECD countries declines as recession looms

OECD reports squeeze on income due to higher consumer prices

Thu Aug 04 2022 - 14:02
Unemployment falls to 21-year low of 4.2% as Covid bounce-back continues

Unemployment falls to 21-year low of 4.2% as Covid bounce-back continues

Republic’s jobless rate continues to fall as post-pandemic economy grows

Thu Aug 04 2022 - 13:05
Record tax receipts deliver €5bn surplus for exchequer

Record tax receipts deliver €5bn surplus for exchequer

Strong exchequer returns driven by corporation tax, VAT, income tax and lower spending on Covid supports

Wed Aug 03 2022 - 22:30
Sinn Féin’s tax plans branded ‘anti-enterprise’ by Taoiseach

Sinn Féin’s tax plans branded ‘anti-enterprise’ by Taoiseach

Pearse Doherty says his party would not increase taxes on small businesses after Micheál Martin accuses SF of ‘knee jerk’ politics

Wed Aug 03 2022 - 21:17
Wealth of Irish households rises above €1tn for first time

Wealth of Irish households rises above €1tn for first time

Headline figure from Central Bank equates to almost €200,000 for every man, woman and child in the State

Wed Aug 03 2022 - 12:35
Inflation across OECD countries surges to 34-year high of 10.3%

Inflation across OECD countries surges to 34-year high of 10.3%

Headline rate represents sharpest price increase across industrialised countries since June 1988

Wed Aug 03 2022 - 11:59
Leo Varadkar: It will ‘feel like a recession’ for people whose income will not rise as fast as cost of living

Leo Varadkar: It will ‘feel like a recession’ for people whose income will not rise as fast as cost of living

Tánaiste and Minister for Enterprise argues Sinn Féin’s economic policies would likely result in fewer jobs

Wed Jul 20 2022 - 05:38
Government may be forced to build children’s science centre

Government may be forced to build children’s science centre

Arbitrator instructs OPW to deliver project costing tens of millions of euro after it loses legal dispute over National Children’s Science Centre

Mon Jul 18 2022 - 05:00
Ireland’s Celtic Tiger legacy: expensive loans, faulty apartments and Europe’s worst housing crisis

Ireland’s Celtic Tiger legacy: expensive loans, faulty apartments and Europe’s worst housing crisis

The impact of the 2008 meltdown and its belt-tightening aftermath still reverberate

Sun Jul 17 2022 - 12:57
Economy grew by 13.6% last year as multinational exports surged

Economy grew by 13.6% last year as multinational exports surged

Measure of domestic conditions shows more modest 5.8% growth, revised down from previous estimate of 6.5%

Fri Jul 15 2022 - 11:47
Inflation hits 38-year peak of 9.1% as cost-of-living crisis worsens

Inflation hits 38-year peak of 9.1% as cost-of-living crisis worsens

Irish consumer prices increased by an average of 9.1% in the 12 months to June

Thu Jul 14 2022 - 11:08
Irish mortgage rates still among highest in euro zone, adding to high living costs

Irish mortgage rates still among highest in euro zone, adding to high living costs

Irish banks continue to charge an interest rate premium on mortgage loans

Wed Jul 13 2022 - 13:39
Property taxes promote more stable housing market, study finds

Property taxes promote more stable housing market, study finds

Taxes on property also deliver more stable source of revenue to government as they are less prone to changes in economic cycle

Wed Jul 13 2022 - 12:24
House price growth slows again as cost-of-living issues bite

House price growth slows again as cost-of-living issues bite

Property price inflation slowed the second consecutive month in May

Tue Jul 12 2022 - 11:04
OECD warns of slowing growth in euro zone

OECD warns of slowing growth in euro zone

High inflation, low consumer confidence and falling stock indices all point to tougher times ahead

Mon Jul 11 2022 - 13:15
Dairy’s climate debate position undermined by declining water quality

Dairy’s climate debate position undermined by declining water quality

Half of Irish rivers and lakes failing environmental standards due to levels of nitrates and phosphates from agriculture

Sun Jul 10 2022 - 11:44
Ireland is missing the usual signs of recession

Ireland is missing the usual signs of recession

Ireland’s economic outlook comes with high downside risks but remains positive despite some fierce headwinds and the worst cost-of-living crisis in a decade

Fri Jul 08 2022 - 05:00
Over half of Government’s corporation tax receipts might be ‘unsustainable’

Over half of Government’s corporation tax receipts might be ‘unsustainable’

Central Bank warns volatility of corporation tax and its concentration now pose major threat to public finances

Thu Jul 07 2022 - 06:30
Inflation to go above 10%, Central Bank warns

Inflation to go above 10%, Central Bank warns

Regulator says elevated level of price growth will depress real incomes by about 3.3%

Thu Jul 07 2022 - 00:15
Collapse in young home ownership rates will leave future retirees financially exposed, study finds

Collapse in young home ownership rates will leave future retirees financially exposed, study finds

Research warns old age pensioners in years ahead will have to pay rent although no longer working

Wed Jul 06 2022 - 00:02
Hike property taxes and impose congestion charges, tax commission says

Hike property taxes and impose congestion charges, tax commission says

Commission on Taxation and Welfare warns Government of need to raise billions to fund spending

Tue Jul 05 2022 - 05:45
Government right to alter spending plans but must avoid fuelling inflation

Government right to alter spending plans but must avoid fuelling inflation

Summer Economic Statement signals additional outgoings and tax measures in budget due to surplus

Mon Jul 04 2022 - 20:16
Booming tax receipts generate €4.2bn surplus for Government

Booming tax receipts generate €4.2bn surplus for Government

Strong exchequer returns driven by corporation tax, VAT and income tax and lower spending on Covid supports

Mon Jul 04 2022 - 19:34
Beacon Hospital signals further expansion with acquisition of two adjacent sites

Beacon Hospital signals further expansion with acquisition of two adjacent sites

Denis O’Brien-controlled private hospital plans to expand clinical facilities and create a new medical research hub

Mon Jul 04 2022 - 05:30
Business failures could soar following removal of supports, PwC warns

Business failures could soar following removal of supports, PwC warns

Report by consultancy firm notes rise in business insolvencies in first half of 2022 but from low base

Mon Jul 04 2022 - 05:00
Varadkar launches consultation on future of Ireland’s enterprise policy

Varadkar launches consultation on future of Ireland’s enterprise policy

Tánaiste warns State can’t stand still amid seismic events like pandemic, Brexit and climate change

Sun Jul 03 2022 - 16:23
Why is the Republic of Ireland such an expensive country?

Why is the Republic of Ireland such an expensive country?

What is it that makes Ireland such an expensive country?

Sun Jul 03 2022 - 12:07
Forum hears just 16% of Africa’s population vaccinated against Covid-19

Forum hears just 16% of Africa’s population vaccinated against Covid-19

Head of the African Development Bank tells Dublin event of looming food crisis triggered by war in Ukraine

Thu Jun 30 2022 - 19:41
Coveney welcomes moves to avert African food crisis, highlights State’s deepening ties with region

Coveney welcomes moves to avert African food crisis, highlights State’s deepening ties with region

Minister for Foreign Affairs was speaking at the Africa Ireland Economic Forum event in Dublin

Thu Jun 30 2022 - 11:41
Commission rolls out €56m scheme for Irish farmers affected by Ukraine war

Commission rolls out €56m scheme for Irish farmers affected by Ukraine war

Farmers impacted by crisis can avail of grants of up to €35,000

Wed Jun 29 2022 - 14:09
Republic is second most expensive euro zone country for food and alcohol

Republic is second most expensive euro zone country for food and alcohol

CSO finds alcohol prices in State just over double the EU average last year

Wed Jun 29 2022 - 12:01
Higher hotel rates due to pent-up demand and refugee crisis, says Dalata boss

Higher hotel rates due to pent-up demand and refugee crisis, says Dalata boss

Hotel chain expects revenue per room across the group to be 18% ahead of 2019 levels for the May/June period

Wed Jun 29 2022 - 07:51
Irish workers among most productive in the world, says CSO

Irish workers among most productive in the world, says CSO

Workers added an average of €95.76 to the value of the economy for every hour they worked in 2020

Tue Jun 28 2022 - 11:09
Paschal Donohoe announces sale of additional 5% stake in AIB

Paschal Donohoe announces sale of additional 5% stake in AIB

Move will reduce State’s holding in lender to 63.5 per cent

Mon Jun 27 2022 - 17:41
Just 25 companies accounted for two-thirds of record €1.1tn FDI in 2020

Just 25 companies accounted for two-thirds of record €1.1tn FDI in 2020

CSO data highlights massive inward investment in Ireland over last 10 years

Mon Jun 27 2022 - 13:13
Squeeze on real incomes will make it feel like a recession

Squeeze on real incomes will make it feel like a recession

Inflationary surge set to trigger biggest drop in living standards since 2008 financial crisis

Sun Jun 26 2022 - 13:48
ESRI: ‘House prices are above where we would predict them to be’

ESRI: ‘House prices are above where we would predict them to be’

Think tank sees ‘overvaluation’ in housing market

Thu Jun 23 2022 - 05:00
Irish households facing biggest fall in living standards since 2008 financial crisis, ESRI warns

Irish households facing biggest fall in living standards since 2008 financial crisis, ESRI warns

Persistent inflation and uncertainty due to war will eat into economic performance

Thu Jun 23 2022 - 05:00
European stocks gain but investor jitters continue

European stocks gain but investor jitters continue

Ryanair dives 4% after warning of further disruption due to staff shortages

Tue Jun 21 2022 - 19:14
Kerry Co-op shareholders stage protest vote over possible joint venture deal with plc

Kerry Co-op shareholders stage protest vote over possible joint venture deal with plc

Farmers uneasy about how co-op plans to finance purchase of Kerry’s legacy dairy business

Tue Jun 21 2022 - 18:52
Ireland and Denmark ranked as most expensive EU countries

Ireland and Denmark ranked as most expensive EU countries

Cost of basic goods and services in Ireland 40 per cent higher than EU average in 2021, Eurostat figures show

Tue Jun 21 2022 - 13:35
Frequency and intensity of shocks hitting global economy unprecedented, says Donohoe

Frequency and intensity of shocks hitting global economy unprecedented, says Donohoe

Minister appears to rule out further inflation-easing measures in advance of October’s budget

Mon Jun 20 2022 - 12:06
Kingspan warns of deteriorating conditions but remains on course for record half-year profit

Kingspan warns of deteriorating conditions but remains on course for record half-year profit

Insulation-maker says it expects to report a record half-year trading profit of approximately €415 million later this year.

Mon Jun 20 2022 - 07:41
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