Author: splash

The Governor of the Central Bank has warned that higher debt and deficit projections out to the middle of the decade increase the risks to the public finances and the economy. In a pre-budget letter to the Minister for Finance, Gabriel Makhlouf refers to the revised projections for the public finances in the Summer Economic […]

The unemployment rate, when adjusted to include those on the Pandemic Unemployment Payment, stood at 12.4% in August. The latest release from the Central Statistics Office shows the jobless rate fell from 13.5% in July and compares to 17.1% the same time last year. The CSO said the seasonally adjusted traditional rate of unemployment was […]

Irish factory activity lost some momentum in August with growth in output, new orders, exports and purchasing all lower than the previous month, a survey showed today. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 62.8 in August. This marked the fourth highest reading since the survey began in 1998 but lower […]

There’s been a general welcome for the measures announced by the Taoiseach about the next phase of reopening of the economy and society. Business group Ibec said the announcement provided clarity on the timeline for a phased and safe return to offices. The roadmap would provide added momentum to what has already been a very […]

The Restaurants Association gave a cautious welcome to the Taoiseach’s announcement on the easing of Covid restrictions. Chief executive Adrian Cummins said the measures went a long way towards outlining a roadmap for the sector with the provision of key dates, metrics and targets. However, he said there was more work to be done regarding […]

The Government has reduced its stake in Bank of Ireland by a percentage point. In a statement to the stock exchange, Bank of Ireland said the percentage of its voting rights owned by the Government through the Ireland Strategic Investment Fund (ISIF) has decreased from 12.98% to 11.97%. The percentage of voting rights in the […]

Sinn Fein leader, Mary Lou McDonald TD has stated that if planning is approved for the 1,614 ‘build to rent’ apartments on the grounds of Clonliffe College in Drumcondra, Dublin it will only further exacerbate the housing crisis. The Dublin Central TD is one of 120 parties to make submissions on the contentious €610 million […]

Euro zone economic sentiment eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations peaked. The European Commission’s economic sentiment index, released today, eased to 117.5 in August from an all-time high of 119 in July. Optimism […]

Bank of Ireland’s latest Economic Pulse shows that consumer confidence rose in August but business sentiment slipped. Bank of Ireland said the Consumer Pulse was in catch-up mode and moved higher as households upgraded their assessment of both the general economic and their own financial situations. But the Business Pulse slipped this month as Bank […]

People are adopting a more conservative approach to using savings build up during the Covid-19 pandemic than anticipated, new research from Permanent TSB Bank and research company Kantar shows. Leontia Fannin, Head of Corporate Affairs at Permanent TSB, said today’s findings could signal a lower-than-expected post Covid “bounce” in the economy. “There has been an […]