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House price inflation accelerates to more than 6%

House price inflation accelerates to more than 6%

Prices rose at an average rate of 6.1 per cent in the 12 months to February, latest CSO residential property price index shows

Wed Apr 17 2024 - 11:25
Wider Middle East conflict could re-ignite inflationary crisis, IMF warns

Wider Middle East conflict could re-ignite inflationary crisis, IMF warns

Washington-based fund says geopolitical tensions could trigger new commodity price spike

Tue Apr 16 2024 - 14:00
Exports fall by almost €800m in February

Exports fall by almost €800m in February

Fall-off was driven by €1.4 billion (38 per cent) drop in exports of organic chemicals, CSO latest trade numbers show

Tue Apr 16 2024 - 12:29
Makhlouf warns on risk to financial system from non-bank sector

Makhlouf warns on risk to financial system from non-bank sector

Central Bank of Ireland governor speaking in Washington in advance of International Monetary Fund and World Bank meetings

Mon Apr 15 2024 - 21:40
Europe stocks flat as energy counters strength in industrials

Europe stocks flat as energy counters strength in industrials

Investors remain on the look out for any developments in the Middle East after Iran launched retaliatory attack on Israel over the weekend

Mon Apr 15 2024 - 18:51
Fertiliser prices drop 45% in 12 months, easing pressure on farmers

Fertiliser prices drop 45% in 12 months, easing pressure on farmers

Fertiliser prices spiked in the wake of Russia’s invasion of Ukraine and the subsequent jump in the cost of natural gas

Mon Apr 15 2024 - 12:21
Did we catastrophise Brexit?

Did we catastrophise Brexit?

Four years on from UK’s official departure from the EU, the Irish economy is relatively untrammelled by the new arrangements

Sun Apr 14 2024 - 12:30
From laggard to first mover: ECB could be first big central bank to cut rates

From laggard to first mover: ECB could be first big central bank to cut rates

While Frankfurt, as predicted, kept rates unchanged on Thursday, policymakers signalled the possibility of a rate cut at their next meeting in June

Thu Apr 11 2024 - 17:01
Housing commencements surge 67% in first quarter

Housing commencements surge 67% in first quarter

Goodbody’s latest housing tracker highlights big jump in activity ahead of ending levy waiver

Wed Apr 10 2024 - 18:21
Switch to electric cars hits speed bump with further decline in sales

Switch to electric cars hits speed bump with further decline in sales

Number of newly licensed electric vehicles down almost 10 per cent in the first quarter, CSO figures show

Wed Apr 10 2024 - 13:38
Dairygold reports declines in revenue and profit, citing weak demand

Dairygold reports declines in revenue and profit, citing weak demand

Cork-based dairy processor says retaining Ireland’s derogation from the EU’s nitrates directive ‘absolutely critical’ for farmer and processor viability

Wed Apr 10 2024 - 12:24
Output from multinational-dominated ‘modern sector’ of economy drops 21%

Output from multinational-dominated ‘modern sector’ of economy drops 21%

CSO figures production in manufacturing industries fell on an annualised basis in the three months from December to February

Tue Apr 09 2024 - 16:00
Investment in Irish commercial real estate slumps to post-crash low

Investment in Irish commercial real estate slumps to post-crash low

Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests

Tue Apr 09 2024 - 05:52
Harris’s 250,000-home pledge would need 375 new GPs and 1,250 hospital beds, ESRI says

Harris’s 250,000-home pledge would need 375 new GPs and 1,250 hospital beds, ESRI says

ESRI develops tool for planners to ensure that new housing is matched with sufficient healthcare services

Tue Apr 09 2024 - 00:06
European stocks rise while oil prices slip after recent highs

European stocks rise while oil prices slip after recent highs

London’s FTSE 100 recovered some, but not all, of its losses from Friday

Mon Apr 08 2024 - 18:10
Number on Live Register falls despite pick-up in headline unemployment

Number on Live Register falls despite pick-up in headline unemployment

CSO said the number in receipt of benefits fell to 174,500 on a seasonally-adjusted basis in March

Mon Apr 08 2024 - 12:12
North’s ailing economy explains the high cost of unification

North’s ailing economy explains the high cost of unification

Regardless of the terms of disengagement by UK in any unification, there is no magic economic pill to bring NI up to standards down South

Sun Apr 07 2024 - 11:00
Europe’s Stoxx 600 at two-week low in broader market decline

Europe’s Stoxx 600 at two-week low in broader market decline

Utilities, retail and telecommunications were the worst-hit sectors, down between 1.6 per cent and 2.2 per cent

Fri Apr 05 2024 - 18:55
Donohoe warns departments as Government spending jumps 15% in first quarter

Donohoe warns departments as Government spending jumps 15% in first quarter

Government spending totals €22.8bn for first three months of the year, which was €2.9bn or 14.9 per cent above the same period in 2023

Fri Apr 05 2024 - 05:38
Corporate tax over-performance ‘coming to an end’ as receipts fall, McGrath warns

Corporate tax over-performance ‘coming to an end’ as receipts fall, McGrath warns

Latest exchequer returns show the Government collected €20.1 billion in tax revenue up to the end of March

Thu Apr 04 2024 - 16:32
Some €100bn in excess corporate tax could be saved in new sovereign wealth fund

Some €100bn in excess corporate tax could be saved in new sovereign wealth fund

Legislation published to establish two new state funds aimed at future-proofing the State’s finances

Thu Apr 04 2024 - 14:13
Unemployment rises to 4.3% in March

Unemployment rises to 4.3% in March

Latest data indicate there were 122,100 people classified as unemployed last month

Thu Apr 04 2024 - 11:51
Irish workers twice as productive as EU counterparts, CSO figures show

Irish workers twice as productive as EU counterparts, CSO figures show

Employees here added on average €97.10 to the value of the economy for every hour they worked in the final quarter of 2023

Wed Apr 03 2024 - 12:27
Euro zone inflation falls more than expected, firming path to June interest rate cut

Euro zone inflation falls more than expected, firming path to June interest rate cut

Eurostat’s latest flash estimate of the Harmonised Index of Consumer Prices (HICP) for the currency bloc as a whole was 2.4% in March

Wed Apr 03 2024 - 10:57
Irish inflation falls below ECB target rate of 2% for first time in nearly three years

Irish inflation falls below ECB target rate of 2% for first time in nearly three years

Headline price growth in economy falls to 1.7% in March, according to CSO’s harmonised index of consumer prices

Tue Apr 02 2024 - 11:30
Dublin 8′s long wait for a playing pitch goes on

Dublin 8′s long wait for a playing pitch goes on

The Marrowbone Lane depot site has been derelict for more than a decade as the arguments about what should go there go back and forth

Sun Mar 31 2024 - 15:20
European stocks mark best quarter in a year as rally broadens

European stocks mark best quarter in a year as rally broadens

Europe’s Stoxx 600 was up 0.2 per cent, bringing quarterly gains to about 7 per cent

Thu Mar 28 2024 - 19:24
Retail sales slump 2% as cost-of-living challenge keeps spending tight

Retail sales slump 2% as cost-of-living challenge keeps spending tight

Largest monthly declines were recorded in motor trades, department stores and clothing, footwear and textiles

Thu Mar 28 2024 - 12:51
House price inflation accelerates amid chronic lack of supply in second-hand market, Sherry FitzGerald finds

House price inflation accelerates amid chronic lack of supply in second-hand market, Sherry FitzGerald finds

Asking prices for second-hand homes nationally rose by 5.1% on an annual basis in the first quarter, estate agency says

Wed Mar 27 2024 - 19:03
Irish economy to see positive trajectory in 2024, ESRI forecasts

Irish economy to see positive trajectory in 2024, ESRI forecasts

Institute delivers upbeat assessment of economy while warning of infrastructural bottlenecks in housing and other areas

Wed Mar 27 2024 - 06:00
More than two-thirds of people are living in homes too big for their needs, ESRI research finds

More than two-thirds of people are living in homes too big for their needs, ESRI research finds

Housing units in State ‘on average bigger with fewer people living in them’, according to Economic and Social Research Institute study

Wed Mar 27 2024 - 00:01
Housing: Asking prices rise as stock of available homes hits new low – Daft.ie

Housing: Asking prices rise as stock of available homes hits new low – Daft.ie

Company links latest price trend to overall shortage of properties available to buy particularly in second-hand market and relaxation of mortgage rules

Tue Mar 26 2024 - 00:01
Costs of social housing construction in Dublin are double those elsewhere

Costs of social housing construction in Dublin are double those elsewhere

Sinn Féin housing spokesman Eoin Ó Broin says figures show if land-related costs are kept in State ownership and extracted from final value, ‘you can sell bricks-and-mortar house at a price below €300,000′

Tue Mar 26 2024 - 00:00
At least two firms may individually pay 10% of Republic’s corporate tax, cautions report

At least two firms may individually pay 10% of Republic’s corporate tax, cautions report

Parliamentary Budget Office report highlights massive concentration risk at the heart of State’s corporate tax base

Mon Mar 25 2024 - 17:25
Ireland’s interface with climate change: extreme flooding

Ireland’s interface with climate change: extreme flooding

Office of Public Works delivers eye-catching assessment of risk posed to Dublin from extreme flooding event

Sun Mar 24 2024 - 14:29
Varadkar’s economic legacy: a return to full employment and a woeful underinvestment in infrastructure

Varadkar’s economic legacy: a return to full employment and a woeful underinvestment in infrastructure

The outgoing Taoiseach’s departure speech gave an insight into where he feels his achievements really lie

Thu Mar 21 2024 - 15:09
Irish house prices accelerate for fifth month in a row

Irish house prices accelerate for fifth month in a row

Latest CSO residential property price index shows prices rose by 5.4% on an annual basis in January

Wed Mar 20 2024 - 11:26
Half of US firms warn housing shortage biggest barrier to investing in Ireland

Half of US firms warn housing shortage biggest barrier to investing in Ireland

Overwhelming majority of companies see issue as ‘extremely or very challenging’ for staff

Wed Mar 20 2024 - 10:54
Employment in IT sector sinks by almost 6,000 as restructurings continue

Employment in IT sector sinks by almost 6,000 as restructurings continue

The CSO report utilises real-time Revenue data to detect trends in the labour market

Tue Mar 19 2024 - 12:40
New EU directive will make companies legally liable for environmental damage

New EU directive will make companies legally liable for environmental damage

Corporate Sustainability Due Diligence Directive, which aims to curb corporate abuses on human rights and the environment, approved by EU 27

Mon Mar 18 2024 - 06:30
Two-thirds of 147,000 homes applied for under Government’s fast-track planning system remain undeveloped

Two-thirds of 147,000 homes applied for under Government’s fast-track planning system remain undeveloped

Government’s strategic housing development system was intended to speed up delivery but was scrapped after it generated a multiple legal cases

Mon Mar 18 2024 - 06:00
Government’s fast-track housing plan comes unstuck in the courts

Government’s fast-track housing plan comes unstuck in the courts

Now-defunct strategic housing development system resulted in 48 judicial review cases

Sun Mar 17 2024 - 13:28
Planning permissions jumped 21% last year with apartments accounting for over half

Planning permissions jumped 21% last year with apartments accounting for over half

Central Statistics Office figures show 41,225 units were granted planning in 2023

Thu Mar 14 2024 - 15:28
Some relief for households as inflation eases but underlying price growth remains strong

Some relief for households as inflation eases but underlying price growth remains strong

Latest Consumer Price Index indicates headline inflation has now fallen for three consecutive months, reflecting a general easing of pricing pressures internationally

Thu Mar 14 2024 - 11:54
Number of women working remotely up 300% during coronavirus pandemic

Number of women working remotely up 300% during coronavirus pandemic

CSO data points to massive rise in women availing of more flexible working arrangements

Wed Mar 13 2024 - 15:54
Average interest rate on new Irish mortgages creeps higher

Average interest rate on new Irish mortgages creeps higher

Latest increase expected to bring increase in loan arrears, given the number of homeowners set to see fixed rates expire

Wed Mar 13 2024 - 12:41
Central Bank predicting boon for workers as wage rises catch up with inflation

Central Bank predicting boon for workers as wage rises catch up with inflation

Regulator is forecasting that real wages for the average employee will rise by almost 9 per cent over the next three years

Tue Mar 12 2024 - 17:07
Housing output rising to 37,000 units a year by 2026 as commercial real estate slump frees up workers

Housing output rising to 37,000 units a year by 2026 as commercial real estate slump frees up workers

Forecast appears to clash with recent report from BNP Paribas which points to slump in residential activity here

Tue Mar 12 2024 - 05:45
Workers in Ireland in line for biggest pay hike in a decade, Central Bank says

Workers in Ireland in line for biggest pay hike in a decade, Central Bank says

Real incomes will rise by almost 9 per cent over the next three years, Central Bank predicts

Tue Mar 12 2024 - 00:01
Switch to electric motoring accelerates with more motorists opting to buy EVs

Switch to electric motoring accelerates with more motorists opting to buy EVs

Despite the increase in sales, the overall take-up of EVs (electric vehicles) in the Republic is still modest by international standards

Mon Mar 11 2024 - 12:24
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