Category: Syndicated

2022 sees biggest fall in Government debt since 2014 – NTMA

Ireland’s General Government debt fell by €11 billion to €225 billion in 2022 and has the potential to fall below €200 billion by 2030, according to the National Treasury Management Agency (NTMA). The NTMA has published its 2023 mid-year business update which shows that the fall in Government debt in 2022 was the first since […]

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1 in 3 struggling to survive financially – CCPC report

One in three people in Ireland say they are just about getting by financially, a new report conducted on behalf of the Competition and Consumer Protection Commission (CCPC) suggests. More than 1,500 people were surveyed for the study, which is the first in a series of reports on financial wellbeing in Ireland. The study and […]

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1 in 3 struggling to survive financially – CCPC report

One in three people in Ireland say they are just about getting by financially, a new report conducted on behalf of the Competition and Consumer Protection Commission (CCPC) suggests. More than 1,500 people were surveyed for the study, which is the first in a series of reports on financial wellbeing in Ireland. The study and […]

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Euro zone business activity contracts in June – PMI

Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc’s dominant services industry and a deepening decline of factory output, a survey showed. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, slumped to 49.9 in […]

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Steady service sector growth reignites inflationary pressures

The services sector covers areas as diverse as communication, financial and business services, IT and the tourism trade The services sector covers areas as diverse as communication, financial and business services, IT and the tourism trade The country’s services sector grew at a strong rate again last month, reigniting inflationary pressures as both input costs […]

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Euro zone consumers see lower inflation ahead – ECB poll

Euro zone consumers cut their inflation expectations for the following 12 months again in May, although they still saw prices growing faster than the European Central Bank would like for years to come, a new ECB poll showed today. The ECB’s monthly Consumer Expectations Survey also showed modest expectations for income growth. The survey was […]

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53% of Northern Ireland’s exports go to Ireland – ESRI

New research from ESRI shows that the Republic accounts for more than half of Northern Ireland’s exports, mainly due to Brexit. According to the Economic and Social Research Insitutute study, Northern Ireland reported a total of €7.6 billion in goods imports and €10.5 billion in goods exports in 2021 (excluding sales to Great Britain). About […]

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Most US companies plan to increase employment here – AmCham survey

The majority of American multinationals with operations here expect to increase employment in the coming year, according to the American Chamber of Commerce Ireland. In a survey of its members conducted to coincide with 4th July celebrations, 70% of respondents said they plan to hire more staff at their Irish operations over the next 12 […]

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Summer Economic Statement may increase core spending by 6.1%

The Ministers for Finance and Public Expenditure and Reform Michael McGrath and Paschal Donohoe are expected to publish their Summer Economic Statement today. This document sets out the parameters for spending and tax cuts in the upcoming Budget. The surplus in the public finances this year is forecast to reach €10 billion, thanks mainly to […]

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Toll charges on national road network increases

Toll charges on most of the country’s national road network have increased today after a six-month deferment by the Government and there have been warnings that tolls are highly likely to rise again. The Automobile Association said it would like to see a review of the public-private partnerships behind many toll roads. Ten roads across […]

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