Category: Syndicated

Concern over lack of properties to rent under HAP scheme

A total of 43 properties within the discretionary rate of the Housing Assistance Payment were available to rent in June this year, according to the latest quarterly Simon Communities’ Locked out of the Market report. It is an increase of five properties – or 13% – since March 2024. In 16 areas surveyed by the […]

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Tax receipts to end of July up nearly 10% on same period last year

The amount of tax collected by the State between January and the end of July was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. Latest Exchequer Returns show that in July alone €7.6 billion in tax was received, up 10.4% or €700m on the same […]

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IFAC says Exchequer figures show strong economy but risks remain

The amount of tax collected by the State during the first seven months of the year was up 9.5% on the same period last year, driven by income tax, corporation tax, VAT and excise duty. The Exchequer returns for July, released yesterday, show that during that month alone, €7.6 billion in tax was taken in, […]

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31,384 new residential addresses recorded in year to June

A total of 31,384 new residential addresses were recorded over the year to June. GeoDirectory, which records the data, said this represents a 17.1% increase on the same point a year ago. The highest proportion of the new homes were in Dublin, making up a third of the total, followed by Cork, Meath and Kildare. […]

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Tokyo’s Nikkei index closes up 10.2% after previous day’s record fall

Tokyo’s key Nikkei index closed more than 10% higher today, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen. The benchmark Nikkei 225 index jumped 10.23%, or 3,217.04 points, to end at 34,675.46, while the broader Topix index added 9.3%, or 207.06 points, to 2,434.21. […]

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Stocks sink with bond yield and dollar on recession fears

Global equities suffered heavy losses today as Wall Street joined a global stock rout that started in Japan while the dollar tumbled against the yen and US Treasury yields dropped on concerns about a recession in the United States. Oil prices also fell in a volatile session today, hit by recession fears, but declines were […]

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Services growth moderates slightly, outlook brightens, PMI show

Service sector growth moderated slightly for the second successive month in July, but a pick up in new business, the year-ahead outlook and jobs growth pointed to positive signs for firms, a survey showed today. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 53.6 from 54.2 in June, slightly below the trend so […]

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Activity in manufacturing sector improves slightly

Activity in the manufacturing sector improved slightly in July, according to new data. The latest AIB Manufacturing PMI shows that the marginal improvement in the sector was driven by a renewed rise in output and accelerating jobs growth. Meanwhile, the contraction in new orders eased on the previous month. The headline index increased from 47.4 […]

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July new car registrations slow down by 5.9% as EV sales drop

New figures from the Society of the Irish Motor Industry show that new car registrations continued to slow down in July on the back of a near 25% fall in new electric cars registered. The SIMI figures show that new car registrations for July were down 5.9% to 25,726 from 27,336 the same time last […]

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Oil prices set for fourth weekly fall as demand concerns weigh

Oil prices rose today but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply disruptions. Brent crude futures gained 55 cents, or 0.7%, to $80.08 a barrel this morning, while US West Texas Intermediate crude futures CLc1 rose 57 cents, or 0.8%, to $76.89. […]

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