Economic News Ireland - Irish Examiner

economy

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

Budget 2024

Ireland wants vaping included in new EU tobacco tax law

House Building Taylor Wimpey London

Housing output to reach 40,000 units next year

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

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

Toys.

Avoid dangerous toys this Christmas with these expert tips

Consumer Interests: Toys at Christmas bring much joy, but can include some hidden and dangerous surprises so it is important you do your research

Thu, 28 Nov, 2024

Woman working at a restaurant

Hospitality industry 'at a crossroads' coping with increased costs and staffing challenges

It was found that hospitality businesses are increasingly relying on staffing agencies and automation to balance rising costs with customer expectations, and predicts adjustments in wages for entry-level and supervisory roles, while management salaries remain mostly unchanged

Thu, 28 Nov, 2024

GERMANY-EU-ECB-BANKING-INFLATION

Top ECB official sees limited room for rate cuts

Easing too much could squander valuable policy space, the hawkish policy-maker warned

Wed, 27 Nov, 2024

Donald Trump

Consumer sentiment steady amid US election and economic uncertainty

The adverse impact of an unstable geopolitical backdrop was offset by plans to increase seasonal spending ahead of the Christmas period

Wed, 27 Nov, 2024

Team appointed for 290 affordable home development at Limerick's Docklands

Team appointed for 290 affordable home development at Limerick's Docklands

The proposed homes will include a mix of one, two and three-bedroom apartments across three blocks on the former Gas Networks Ireland site

Tue, 26 Nov, 2024

Analysis: How the Marino Point planning refusal will have a major impact on Cork's docklands

Analysis: How the Marino Point planning refusal will have a major impact on Cork's docklands

This week's decision by An Bord Pleanála to refuse planning for Goulding Chemicals has put the construction of more than 1,300 city apartments on indefinite hold

Tue, 26 Nov, 2024

Policies to 'incentivise' working past 65 need to be considered, says Central Bank chief Makhlouf

Policies to 'incentivise' working past 65 need to be considered, says Central Bank chief Makhlouf

“Policies to incentivise working longer, alongside promotion of lifelong learning, need to be part of our thinking,” Central Bank of Ireland governor Gabriel Makhlouf told a UK Society of Professional Economists dinner.

Mon, 25 Nov, 2024

Lane says ECB interest rates should not remain restrictive for too long

Lane says ECB interest rates should not remain restrictive for too long

European Central Bank chief economist Philip Lane said keeping rates high would stifle economic growth

Mon, 25 Nov, 2024

Halston Street Credit Union Limited in Dublin, Ireland

Credit union mortgages jump to €700m

Mortgages now make up more than 10% of the total credit union loan book

Mon, 25 Nov, 2024

Historic buildings in Kilkenny Ireland

Trump Mark 2 means the next Government must seriously support domestic industries

Tourism Chief Eoghan O'Mara Walsh is clear on what the next Government must prioritise

Sun, 24 Nov, 2024

Helping people overcome one of their greatest fears — public speaking

Helping people overcome one of their greatest fears — public speaking

Three-quarters of people have a fear of public speaking, many of whom avoid career promotions because of it

Fri, 22 Nov, 2024

ECB's Lagarde renews integration call as trade war looms

ECB's Lagarde renews integration call as trade war looms

US President-elect Donald Trump said Europe would pay a heavy price for having run a large trade surplus with the US for decades

Fri, 22 Nov, 2024

Overhead view of businesswoman working at desk

Irish recruiters facing burnout as economy reaches full employment

New survey from IrishJobs found that one in three recruiters describe themselves as heavily or very heavily stressed due to their workload

Fri, 22 Nov, 2024

IDA issues infrastructure warning to the Government

IDA issues infrastructure warning to the Government

In pre-budget discussions, the investment agency said that the availability of energy and water as well as the shortage and cost of housing were creating challenges in attracting business

Thu, 21 Nov, 2024

Shortage of skilled tradespeople a ‘hard nut to crack’

Shortage of skilled tradespeople a ‘hard nut to crack’

With housing a significant issue in the General Election campaign as all parties promise to ramp up the number of homes being built each year, there are questions about whether the labour capacity is there to build at the scale needed

Thu, 21 Nov, 2024

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

ieExplains: Who is Howard Lutnick? Trump's pick for Head of Commerce and vocal critic of Ireland

Trump's pick for Head of Commerce has taken aim at Ireland's recent trade surplus which he said came at the expense of the US

Thu, 21 Nov, 2024

Central bank chief warns bankers to be ‘sensible’ in demands

Central bank chief warns bankers to be ‘sensible’ in demands

Lower standards have greater costs than benefits, says Gabriel Makhlouf

Wed, 20 Nov, 2024

Engineer Showing Apprentice How To Measure CAD Drawings

Youth employment at 16-year high as labour force continues to grow

Across all demographics, the estimated number of people in employment, aged 15 to 89, during the third quarter, stood at 2,794,800, which was up 3.7% compared with a year ago

Wed, 20 Nov, 2024

Bank of Italy Governor Fabio Panetta And Italy's Finance Minister Giancarlo Giorgetti At World Savings Day Event

Eurozone inflation ticks back up ahead of ECB meeting next month

The European Central Bank is due to meet on December 12 to decide whether to cut interest rates for a fourth time this year

Wed, 20 Nov, 2024

Bord Bia to lead €3.2m EU dairy promotion campaign in Asia

Bord Bia to lead €3.2m EU dairy promotion campaign in Asia

Irish food board wins contract to promote EU-made dairy ingredients to manufacturers across China, Singapore, and Vietnam

Tue, 19 Nov, 2024

Industrial strikes

Price of private health insurance up 11% so far this year to more than €1,700

HIA said health insurance remained a 'necessity and not a luxury,' with customers continuing to prioritise health despite rising prices

Tue, 19 Nov, 2024

Lack of progress hindering health, housing and energy sectors, warns Limerick Chamber President

Lack of progress hindering health, housing and energy sectors, warns Limerick Chamber President

Chamber President Noel Gavin said it was important not to be complacent by focusing only on the positive indicators of a buoyant Irish economy

Mon, 18 Nov, 2024