Category: Syndicated

Air passenger numbers in third quarter up 13% compared to last year

New figures from the Central Statistics Office show that almost 1.4 million more passengers used Irish airports in the third quarter of this year compared to the same time last year. The CSO said the number of passengers travelling to and from Ireland in the third quarter rose by 2% when compared with the third […]

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Prices at the pump down again in December – AA Ireland

The AA Ireland’s latest monthly fuel price survey has shown another drop in petrol and diesel prices over the last month. Petrol is down from €1.80 a litre in November to €1.72, while diesel has fallen from €1.81 to €1.72. December marked the third month in a row that prices have dropped at the pumps. […]

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Euro zone likely in recession, PMI surveys show

The downturn in euro zone business activity surprisingly deepened in December, according to closely watched surveys which indicated the bloc’s economy is almost certainly in recession. It was a broad-based decline with activity deteriorating in both Germany and France and across services and manufacturing, the surveys showed. Last quarter, the euro zone economy contracted 0.1%, […]

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Inflation slows to 3.9% in November from 5.1% in October – CSO

The annual rate of inflation fell to 3.9% in November, new figures from the Central Statistics Office show today. This marks the first time since September 2021 that the annual rate has been less than 5%. The inflation rate had stood at 5.1% in October. Energy prices were the biggest contributor to pushing inflation up […]

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Inflation slows to 3.9% in November from 5.1% in October – CSO

The annual rate of inflation fell to 3.9% in November, new figures from the Central Statistics Office show today. This marks the first time since September 2021 that the annual rate has been less than 5%. The inflation rate had stood at 5.1% in October. Energy prices were the biggest contributor to pushing inflation up […]

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Housing commencements up almost 30% in past year

Work began on 3,087 new homes across the State last month, according to commencement notices registered with the authorities. That’s up 18% on the 2,624 that were started in October of this year and a 29% boost on the number recorded in the same month of last year. 43% are homes in housing schemes, 45% […]

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Short term mortgage arrears up 3% in third quarter

The number of mortgages on private homes that were in short term arrears of less than 90 days rose 3% between July and September compared to the previous quarter. But new Central Bank data today also shows that the number of mortgages in arrears over 90 days was unchanged compared to the April to June […]

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Fed flags end of rate hikes, sees lower borrowing costs in 2024

The US Federal Reserve held interest rates steady today and signaled in new economic projections that the historic tightening of US monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024. In a new policy statement, Fed officials took explicit account of the fact that […]

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ESRI further downgrades economic growth forecast

The Economic and Social Research Institute has further downgraded its forecast for growth in the economy this year. However, in its latest Quarterly Economic Commentary the think-tank says the underlying performance of the economy is stronger than the headline figures suggest. It has also questioned the assumptions underpinning the national spending rule. Meanwhile, later today […]

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EU agrees plan to boost conditions for app based “gig” workers

The European Parliament and EU member states have struck a deal on rules to strengthen conditions for those working through apps, such as ride-hailing drivers. Under the new law, many platform workers in Europe could be reclassified as employees and therefore gain access to labour and social protection rights, the parliament said. At least 5.5 […]

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