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economy

Kerry Dairy farmers vote to inject millions into the Munster economy

S Kerry Dairy farmers vote to inject millions into the Munster economy

The historic deal between Kerry Group and the Co-op will see €1.4bn in shares transferred to just under 12,000 farmers in the Kerry and wider Munster region

Number of homes in short-term arrears hits 15-year low

Number of homes in short-term arrears hits 15-year low

People waiting for job interview

Labour market sees a slight drop in churn rate

Electric Pylons-Stock Photo

Environment tax take rose to €5bn including €350m in windfall taxes

Elderly stock

Fewer people expecting to use State pension alone to fund retirement, new figures shows

CSO data shows between July and August, 67% of workers aged between 20 and 60 had some form of pension coverage outside the State pension

Thu, 19 Dec, 2024

Key Speakers At Danmark Nationalbank Conference

Euro inflation climbs above 2% as ECB chief economist says bank must keep 'open mind' about pace of interest rate cuts

New figures from Eurostat show euro area inflation climbed to 2.2% in November

Wed, 18 Dec, 2024

Dublin City Council acted 'beyond its powers' in putting traffic changes in place on quays

Dublin City Council acted 'beyond its powers' in putting traffic changes in place on quays

By way of judicial review, Dublin City Centre Traders Alliance seeks to challenge traffic changes and restrictions on the use of private vehicles at O'Connell Bridge, Bachelor's Walk, Eden Quay, Aston Quay, Burgh Quay, and Fleet Street

Tue, 17 Dec, 2024

Upcoming road toll hikes 'catastrophic' for hauliers, group warns

Upcoming road toll hikes 'catastrophic' for hauliers, group warns

The IRHA said the latest hikes at the tolls will be the third increase in 18 months

Tue, 17 Dec, 2024

Number of investments secured by IDA Ireland down from 2023 levels

Number of investments secured by IDA Ireland down from 2023 levels

IDA Ireland secured 234 investments in 2024 which the agency said will generate 13,500 jobs in the coming years

Tue, 17 Dec, 2024

11/4/2012 Dublin Port containers. Pictured are con

Irish exports rise to €187bn in first ten months of 2024

New CSO figures show exports to Britain have fallen by 10% so far this year

Mon, 16 Dec, 2024

Digital technology used for construction work

Ireland urged to cut burden on professionals wanting to come here for temporary work

The European Commission has focused its enforcement action on three areas of particular importance; construction, transport and business services

Mon, 16 Dec, 2024

Key Speakers At Central Bank of Ireland Financial Systems Conference

OECD report makes suggestions to improve consumer protections in Ireland

Ireland is the first country in the OECD to undergo a review of its consumer protection supervisory by the economic policy group

Mon, 16 Dec, 2024

Jim Power: Irish housing market does not need ECB's sort of interest rate trajectory

Jim Power: Irish housing market does not need ECB's sort of interest rate trajectory

In the period from 2000 up to 2007, the European Central Bank's interest rate policy was totally inappropriate for Ireland, writes Jim Power

Sun, 15 Dec, 2024

Europe's rates head lower in readiness for another Trump era

Europe's rates head lower in readiness for another Trump era

There’ll probably be moves of the same size in January and March, according to people familiar with the matter

Sun, 15 Dec, 2024

Close up of diesel and petrol fuel pistols at a gas station. The fuel crisis continues and the cost of fuel is going up

Petrol and diesel prices up slightly this month

Diesel prices have increased by 3c while petrol prices are u by 1c

Fri, 13 Dec, 2024

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

High services inflation means 'gradual' rate cuts still needed, says Gabriel Makhlouf

The prospect of a 0.5% rate reduction was discussed by the European Central Bank on Thursday but was ultimately decided against

Fri, 13 Dec, 2024

Further interest rate cuts expected with EU economy 'losing momentum'

Further interest rate cuts expected with EU economy 'losing momentum'

Today's 0.25% cut will see tracker mortgage repayments drop by €13 a month for every €100,000 they owe

Thu, 12 Dec, 2024

Keys from room hotel on the door

Annual inflation rises to 1% in November

The largest decreases in prices were recorded in Clothing & Footwear which saw a 7.5% drop

Thu, 12 Dec, 2024

GERMANY-EU-ECB-BANKING-INFLATION

European Central Bank announces further interest rate cut of 0.25%

The European Central Bank (ECB) cut interest rates again today by 0. 25% in a bid to help the faltering economy as the threat of inflation continues to recede.

Thu, 12 Dec, 2024

Housing stock

Property prices overvalued by 10% risking another market crash, ESRI warns

The ESRI noted that 33,000 homes are expected to be delivered this year which is far short of what the market requires

Thu, 12 Dec, 2024

Donald Trump

ESRI says Trump policies present considerable risk for Ireland

Tariffs and changes to tax policy promised by Donald Trump could disrupt the world economy and damage Ireland's attractiveness to US firms as a destination for investment

Thu, 12 Dec, 2024

Halston Street Credit Union Limited in Dublin, Ireland

Credit Unions to be allowed triple mortgage lending

Home and business lending will rise from the current €2.9bn to €8.6bn as limits on the sector are eased

Wed, 11 Dec, 2024

Irish Examiner journalist Emer Walsh wins Smurfit Business Award

Irish Examiner journalist Emer Walsh wins Smurfit Business Award

Emer Walsh named Upcoming Journalist of the Year at the 17th UCD Smurfit School Business Journalist Awards

Mon, 09 Dec, 2024

Budget 2024

Ireland wants vaping included in new EU tobacco tax law

Finance ministers from 16 European countries say in the absence of EU regulations on vaping, each country now applies different rules and levels of excise tax, distorting the bloc's single market

Mon, 09 Dec, 2024

House Building Taylor Wimpey London

Housing output to reach 40,000 units next year

Construction output — including non-residential and civil engineering — is forecast to grow by 1.4% in 2024 and 6% in 2025

Mon, 09 Dec, 2024

Ireland's Central Bank said it cannot stop the sale of Israel's war bonds

Ireland's Central Bank said it cannot stop the sale of Israel's war bonds

Despite opposition to the war, Ireland's economic links to Israel remain, writes Emer Walsh

Sun, 08 Dec, 2024

John Whelan: Irish exporters need political tranquillity

John Whelan: Irish exporters need political tranquillity

Many were hoping for a stable European market but the reality in Germany and France proves otherwise

Sun, 08 Dec, 2024

Key Speakers At Conservative Political Action Conference Argentina

Argentina's Javier Milei admires Ireland for an economic statistic the Irish don’t favour

This week in Beunos Aires, ESRI chief responded with a note of caution about using GDP to measure economic wellbeing, and highlighting contrasts between the countries

Sun, 08 Dec, 2024

Amazon Cowboys Maintain Brazilian Cattle Feed Lot

What are the next steps for the EU-Mercosur trade deal?

The core trade deal could be fast-tracked with approval by a simple majority of EU lawmakers

Sun, 08 Dec, 2024

Crowd on Grafton Street in Dublin during day of autumn

Dublin sees 'solid expansion' in business activity

In the residential sector, housing completions across Dublin reached a new high point during the third quarter, as almost 3,900 new homes were added to the housing stock

Thu, 05 Dec, 2024

Irish Gross Domestic Product expands by 3.5% exceeding forecasts

Irish Gross Domestic Product expands by 3.5% exceeding forecasts

Modified domestic demand, which excludes multinational activity, grew by 1.3% in the three months to the end of September

Thu, 05 Dec, 2024

NORWAY-ENERGY-OIL

Ifac says new government must budget better and save more of Ireland's tax bonanza

Incoming government must anchor its spending and save more of its corporate tax receipts to mitigate existing risks and a potential downturn, says the Irish Fiscal Advisory Council

Thu, 05 Dec, 2024

FILE PHOTO The Central Bank has fined Bank of Ireland over €1 million for its role in the tracker mortgage controversy END

Trade tensions becoming a risk for Ireland's small and open economy, Central Bank warns

The Central Bank’s latest Financial Stability Review noted that while global economic growth has been stable — after the inflationary crisis — some indicators of activity have weakened, particularly in Europe

Wed, 04 Dec, 2024

Bradwell wind farm stock - Essex

One third of energy provided by renewable sources in November

Renewables provided 33.3% of electricity in November when other sources including grid-scale solar and hydropower are included

Wed, 04 Dec, 2024

Apple tax bill

Apple court case ruling sees November's corporation tax take double

In the year to the end of November, €99.1bn has been collected in tax receipts — which is €17.1bn ahead of the same period last year driven primarily by a large increase in corporation tax receipts

Wed, 04 Dec, 2024

Close Up of a Professional Office Specialist Working on Desktop Computer in Modern Technological Monitoring Control Room with Di

Services sector records strong November growth

Performance the 'fastest pace of expansion' recorded in the services sector since April 2023, economist says

Wed, 04 Dec, 2024

Seán Dunne fails to dislodge officials overseeing his bankruptcy

Seán Dunne fails to dislodge officials overseeing his bankruptcy

Mr Dunne is not due to exit bankruptcy until 2028, as the High Court extended his term due to his non-cooperation with bankruptcy officials

Tue, 03 Dec, 2024

House Building Taylor Wimpey London

Homebuilding sector sees output drop compared to second quarter

Separate data from the CSO on home completions show just under 9,000 homes were completed in the third quarter

Tue, 03 Dec, 2024

Key Speakers At Danmark Nationalbank Conference

Mortgage approvals for first-time buyers at record high as rates fall

The data comes ahead of the next meeting of the ECB on Thursday, December 12, where the Governing Council is set to decide on whether to cut interest rates once more before the end of the year

Tue, 03 Dec, 2024

CBI conference

'No sign of recovery' from slump in manufacturing demand

Analysts said the situation in Britain was proving challenging for factories as difficulties abroad were made worse by the prospect of increased staffing costs in the Labour Party’s first budget

Mon, 02 Dec, 2024

Trump Eyes MAGA Spectacle For Deep-Blue New York In Final Push

John Whelan: Europe's trade negotiators will eye up Ireland's access to Trump's commerce pick

Billionaire Howard Lutnick is the global chief executive of financial services firm Cantor Fitzgerald which has a significant presence in Ireland

Mon, 02 Dec, 2024

High angle view of businessman counting money

Average weekly earnings and number of hours worked go up, says CSO

The Central Statistics Office also found that the job vacancy rate as of the end of September was 1.2%

Mon, 02 Dec, 2024

Wellness tourism in Ireland needs to move beyond spa treatments

Wellness tourism in Ireland needs to move beyond spa treatments

Adventure tourism is now a rapidly growing part of Irish tourism, conference hears

Mon, 02 Dec, 2024

Close up view of a dedicated worker carrying a stack of duck taped brown boxes in factory storage room while wearing sterile clo

Manufacturing sector contracts due to new order weakness

Despite an uptick in output during November, the Irish manufacturing sector saw a slight contraction during the month on the back of weak new orders and a drop in employment numbers, the latest AIB Purchasing Managers Index shows.

Mon, 02 Dec, 2024

Serene young man watching plane before departure

Tourist spending up in October despite visitor drop-off

Spending by foreign tourists increased to €53.3m, up 3.6% year on year

Fri, 29 Nov, 2024

Eurozone inflation rises but it won't derail ECB rate cuts

Eurozone inflation rises but it won't derail ECB rate cuts

Inflation rises 2.3% from a year ago

Fri, 29 Nov, 2024

Sale up to 70 percent red sign. Red display with sale up to seventy percent inscription sticked on the store window.Seasonal dis

Consumer watchdog prosecutes Irish retailers for misleading Black Friday sales

First cases to be heard in January

Fri, 29 Nov, 2024

Ireland's housing costs more than double the EU average in 2023

Ireland's housing costs more than double the EU average in 2023

Eurostat report shows cost of rent has increased by 98% since 2010

Thu, 28 Nov, 2024

Rough Sea and a Lonely Cottage

US citizens seeking to move to Ireland face a challenge

Americans moving to Ireland is nothing new, but those looking to buy a home face a very different buying process to what they may be used to in the US writes Gerard O'Toole

Thu, 28 Nov, 2024

Second hand paperback books on shelves in a shop in Chapel St Leonards, Lincolnshire

Volume of retail sales dips in October

The largest monthly volume increase was recorded in Books, Newspapers and Stationery which grew by 5.2%

Thu, 28 Nov, 2024