Business News

Fed poised to get in first with rate cut despite market risks

15th July 2019

Fed poised to get in first with rate cut despite market risks The Federal Reserve looks poised to beat the European Central Bank out of the blocks with a rate cut that looks set for its next meeting on July 31. Its chairman, Jerome Powell, will have the chance to push the message home tomorrow […]

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Ireland at full employment as jobless rate unchanged

15th July 2019

Ireland at full employment as jobless rate unchanged. THE country is at full employment as just 4.5pc of the workforce are out of work. The seasonally adjusted unemployment rate for June was 4.5pc, unchanged on the prior month. However, it was down 1.9pc when compared to a year earlier, according to figures from the Central […]

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Government surplus of €50m in 2018, new CSO figures show

15th July 2019

Government surplus of €50m in 2018, new CSO figures show The Government surplus stood at €50m in 2018, new figures from the Central Statistics Office show today. This represents 0.01% of GDP and compares to a deficit of €83m in 2017, or 28% of GDP. The CSO said that Government revenues increased by 7.2% to […]

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Disorderly Brexit biggest risk to financial stability – Central Bank

12th July 2019

Disorderly Brexit biggest risk to financial stability – Central Bank A new review from the Central Bank shows that the main risk to the country’s financial stability and the wider economy is a larger than expected macroeconomic shock in a case of a disorderly Brexit. As well as Brexit, the other risks to the financial […]

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No-deal Brexit could result in higher taxes for online shoppers

12th July 2019

No-deal Brexit could result in higher taxes for online shoppers Minister of State for European Affairs Helen McEntee has said a no-deal Brexit could result in higher taxes for online shoppers and difficulties in returning goods, as the UK would no longer be subject to the same consumer rights and protections. Speaking on RTÉ’s Morning […]

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Irish economic growth for 2018 revised up to 8.2%

12th July 2019

Irish economic growth for 2018 revised up to 8.2% The Irish economy grew 8.2% last year, according to new data released by the Central Statistics Office. Gross Domestic Product, a measure of the total output of an economy, stood at €324 billion for the year, the CSO said. But when the profits of multinationals were […]

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Economy set for solid growth but EU warns of overheating

11th July 2019

Economy set for solid growth but EU warns of overheatingThe European Commission has predicted that the Irish economy will continue to grow at a solid pace but warned that the risk of overheating could increase in the near term. In its quarterly economic forecasts, the Commission said that the Irish economy – as measured by […]

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Ireland remains competitive, but threats to economic sustainability on the rise

11th July 2019

Ireland remains competitive, but threats to economic sustainability on the rise Ireland continues to perform well in the three most influential competitiveness indicators, according to the latest Competitiveness Scorecard published by the National Competitiveness Council. The NCC said that Ireland is ranked 7th in the IMD rankings and ranked 23rd in both the WEF and […]

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Annual inflation moves up to 1.1% in June

11th July 2019

Annual inflation moves up to 1.1% in June New figures from the Central Statistics Office show that the annual inflation rate inched up to 1.1% in June from 1% the previous month on the back of higher rents, more expensive utility bills and higher air fares. June marks the fourth month in a row that […]

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Mortgage approvals rise by 10% in May year on year

9th July 2019

Mortgage approvals rise by 10% in May year on year Almost 5,000 mortgages to the value of over €1.1 billion were approved in May, the latest figures from Banking and Payments Federation Ireland show. Over 51% of these were for first-time buyers while mover purchasers accounted for 26.3%. Today’s figures show that the volume of […]

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