Cabinet expected to approve €3bn broadband plan The Cabinet meets this morning to consider approving the National Broadband Plan, which aims to bring high-speed internet to more than half a million homes, farms and businesses across rural Ireland. Taoiseach Leo Varadkar confirmed to the Dáil that the project could cost as much as €3bn over […]
Author: Practicenet
Live Register figures down by 0.4% in April The number of people signing on the Live Register showed a monthly decrease of 700, or 0.4%, in April, new figures from the Central Statistics Office show. This brings the seasonally adjusted total to 194,700. The CSO said the number of people on the Live Register in […]
Worsening consumer sentiment erases March recovery Consumer sentiment soured in April, weighed down by an uncertain economic outlook and related worries about household incomes, a new survey shows today. The KBC Bank/ESRI consumer sentiment index fell to 87.7 in April from 93.1 in March, largely erasing a partial recovery from February’s 51-month low of 86.5. […]
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 […]
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 […]
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, […]
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, […]
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 […]
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. […]
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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