Consumer price growth slows in July – CSO Consumer prices rose by 0.5% in July compared to the same month of 2018, according to the Central Statistics Office. That represents a significant slowdown in the pace of inflation, which stood at 1.1% in the year to June and 1.7% in April. In the year to […]
Category: Syndicated
Ireland’s national debt reached equivalent of €42,500 per person in 2018 The amount of debt owed by the state rose to the equivalent of €42,500 for every person in the country last year, according to a new report released by the Government. The Annual Report on Public Debt shows that Ireland’s debt mountain stood at […]
Euro zone bond yields sink further as trade war steps up Euro zone government bond yields slid back towards recent lows on Tuesday as investors remained cautious on risk after the US branded China a currency manipulator, escalating their trade war. Safe-haven bond yields fell, while global stocks extended already substantial losses on Tuesday, after […]
Manufacturing production down 9% in June – CSO Production in the manufacturing industry dropped by 9% in June compared to May 2019, according to the latest Central Statistics Office data. Annually, production for June was down 2.1% when compared with the same month last year. Seasonally adjusted volume of industrial production for the three months […]
Markets braced for increased volatility as Brexit and US-China trade row ramps up Traders are preparing for a period of increased market volatility in the coming weeks, as the Brexit deadline approaches and the US-China trade dispute heats up. Speaking on RTÉ’s Morning Ireland Neil Wilson, chief market analyst with Markets.com, said the potential disruption […]
Sterling hits 23-month low overnight The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather […]
US officially designates China a ‘currency manipulator’ as trade war rages The United States has formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiralling trade war in just 24 hours. Washington’s sudden move came the day China allowed the yuan to fall below seven to the dollar […]
Irish bond yield spreads amid no-deal Brexit worries Irish Government bond yield spreads over Germany have hit their widest in nearly two months, as chances rise of a no-deal Brexit that would cause particular damage to Ireland. Sterling has dropped to 28-month lows against the dollar and euro on growing worries that Britain will leave […]
Eurozone growth halves in second quarter of 2019 Eurozone economic growth halved in the April-June period and inflation slowed sharply in July even though the unemployment rate fell to its lowest in 11 years, data from the European Union’s statistics office has shown. Eurostat’s preliminary flash estimate of gross domestic product growth in the 19 […]
110,000 fewer jobs after no-deal Brexit – Central Bank The Central Bank has warned of major job losses across the economy in the event of a no-deal Brexit. In its latest Quarterly Bulletin, the Central Bank forecasts 34,000 fewer jobs by the end of next year and 110,000 fewer jobs over the next ten years. […]
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