Business News

Euro zone factory activity contracted for third month in April – PMI

7th May 2019

Euro zone factory activity contracted for third month in April – PMI Euro zone factory activity contracted for a third month in April, hurt by weak global demand, rising trade protectionism and concerns over Britain’s upcoming departure from the European Union. IHS Markit’s April final manufacturing Purchasing Managers’ Index registered 47.9, beating March’s six-year low […]

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Services growth slows in April as Brexit hits sales – PMI

6th May 2019

Services growth slows in April as Brexit hits sales – PMI Growth in the country’s services sector slowed in April, adding to signs that the economy began the second quarter at a more moderate pace amid the global slowdown. The AIB services purchasing managers’ index slipped to 54.7 from 55.3 in March. While the reading […]

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End of April budget deficit was €3.2bn

6th May 2019

End of April budget deficit was €3.2bn THE State recorded a deficit of €3.19bn in the four months to the end of April 2019, but remains on course to end the year in surplus after last year’s first balanced budget in a decade. Tax revenues were €15.57bn in the period to the end of April, […]

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Exchequer broadly on track in April as deficit falls

6th May 2019

Exchequer broadly on track in April as deficit falls Figures released by the government show that the exchequer recorded a deficit of just under €3.2 billion at the end of April, €238 million lower than at the same period last year. Revenue from taxes came in broadly at the level that it was expected to, […]

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ECB still has ammunition left to fight recession – Lane

3rd May 2019

ECB still has ammunition left to fight recession – Lane The European Central Bank’s policy arsenal has not been depleted and fiscal policy could help stimulate investment, the ECB’s incoming executive Board member Philip Lane has said. Investors fear the ECB’s window to potentially raise interest rates has closed, meaning it has little in its […]

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April manufacturing growth slowest since aftermath of Brexit vote – PMI

3rd May 2019

The country’s manufacturing sector grew in April at the slowest rate since the aftermath of Britain’s vote to leave the EU, a survey showed today. This comes as new orders expanded more moderately in a Brexit-related record month for stocks of finished goods. The economy has weathered the uncertainty created by the June 2016 vote. […]

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Irish banks have higher concentration of property loans than European peers – Central Bank

2nd May 2019

Irish banks have higher concentration of property loans than European peers – Central Bank Central Bank shows that Irish banks have a higher concentration of property lending than their European peers – with the concentration mainly in residential property. But in a Financial Stability Note, the Central Bank said the banking system here has increased […]

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Euro zone Q1 economic growth stronger than expected, unemployment falls

2nd May 2019

Euro zone Q1 economic growth stronger than expected, unemployment falls The euro zone economy grew more than expected in the first quarter, rebounding from a slump in the second half of 2018, new data showed today. Meanwhile, unemployment in the euro zone fell to its lowest in more than a decade, the data also revealed. […]

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Euro zone Q1 economic growth stronger than expected, unemployment falls

2nd May 2019

Euro zone Q1 economic growth stronger than expected, unemployment falls The euro zone economy grew more than expected in the first quarter, rebounding from a slump in the second half of 2018, new data showed today. Meanwhile, unemployment in the euro zone fell to its lowest in more than a decade, the data also revealed. […]

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Unemployment rate remains at 5.4% in April – CSO

2nd May 2019

Unemployment rate remains at 5.4% in April – CSO New Central Statistics Office figures show that the country’s unemployment rate remained at an 11-year low of 5.4% in April. The CSO said the seasonally adjusted number of people who were without a job stood at 129,700 in April, a decrease of 10,200 when compared to […]

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