Fiscal Council issues warning over Government’s budget plans The Government will have just €600 million to either increase spending or reduce taxes in October’s budget once existing commitments are taken into account, the State’s independent finance watchdog says. According to the Irish Fiscal Advisory Council (IFAC), if the Government sticks to its plans, a total […]
Author: Practicenet
Construction industry’s turnover sees growth of 25% last year The combined turnover for the country’s top construction companies increased by 25% to €8.39 billion last year. This is according to Construction magazine’s annual Top 50 CIF Contractors listing for 2019. The listing, published every year, gives a snapshot of the overall growth in Irish construction. […]
Despite Brexit concerns, domestic economy doing well – SME Market Monitor The domestic economy is performing strongly despite a dip in consumer sentiment, according to the latest SME Market Monitor from the Banking and Payments Federation Ireland. The BPFI said that businesses here have been boosted by improving employment, as well as a 2.1% rise […]
Average annual earnings rise by 3.3% to €38,871 in 2018 Average annual earnings increased by 3.3% to €38,871 in 2018 from €37,637 in 2017, new figures from the Central Statistics Office show. The CSO said this compares to an annual increase of 1.9% in 2017 from €36,933 in 2016. Today’s figures show that average annual […]
Sterling bounces off five-month low against the euro after April pay data Sterling pulled away from five-month lows against the euro today after UK wages in the three months to April rose faster than expected. The pound has been on the backfoot in recent weeks as investors sit on the sidelines while the contest to […]
Hoteliers call for urgent action on ‘unsustainable’ insurance costs 62% of hoteliers have seen further increases in their insurance costs over the last 12 months, according to the Irish Hotels Federation. The Irish Hotels Federation said its research shows the average increase in premiums was 28%, with the latest hike coming after substantial increases in […]
Construction activity growth eases to four-month low in May Activity in the construction sector eased to a four month low in May, according to the latest Purchasing Managers’ Index from Ulster Bank. The Ulster Bank Construction PMI fell to 54.9 in May, down from a reading of 56.6 in April. But despite the slowdown, the […]
New car sales slow again in May – CSO The number of new private cars licensed for the first time fell again in May as imports continued to rise, new figures from the Central Statistics Office show. A total of 9,126 new private cars were licensed in May, down 2.5% from the 9,362 registered the […]
IMF sees euro as undervalued, ECB policy support necessary – document The International Monetary Fund believes the European Central Bank must maintain supportive monetary policy, an EU document seen by Reuters showed. The document anticipated the content of a report the IMF will present to euro zone finance ministers next week. The fund also intends […]
Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered […]
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Recent News
Fed cuts rates but sees slower pace of further reductions December 19, 2024
Residential property prices up 9.7% in October – CSO December 19, 2024
Spending by BOI customers up 6.8% on Black Friday December 19, 2024
Holyhead Port to stay closed until 15 January ‘at the earliest’ December 18, 2024
Planning permissions down 10.9% in third quarter – CSO December 18, 2024
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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