Category: Syndicated

Unemployment rate dips to 5.2% in August – CSO

September 4, 2019By PracticenetSyndicated, unemployment

Unemployment rate dips to 5.2% in August – CSO The unemployment rate fell marginally in August, according to the latest figures from the Central Statistics Office. The latest monthly unemployment figures show unemployment at 5.2%, down from 5.3% in July. The CSO said there were 126,000 people unemployed last month, down 6,400 compared to August […]

Oil falls as US, China add more tariffs in trade war

September 3, 2019By Practicenetoil, Syndicated

Oil falls as US, China add more tariffs in trade war Oil prices weakened this morning after new tariffs imposed by the US and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel this morning, while […]

Third week of gains for the pound after volatile few days

September 3, 2019By Practicenetpound, Syndicated

Third week of gains for the pound after volatile few days After a volatile week, the British pound was on course for its biggest monthly gain since February. It was partly accounted for by a drop in the euro which encouraged investors to buy the pound. The single currency fell more than half a percent […]

Stock markets boosted by fresh trade hopes

September 3, 2019By Practicenetstock, Syndicated

Stock markets boosted by fresh trade hopes Renewed hopes for trade talks boosted stock markets today after China said it would not retaliate against the latest US tariffs, setting up a positive end to a volatile week. New trade optimism helped alleviate gloom about predictions for a coming slowdown in the world economy, analysts said. […]

Biggest growth in consumer lending in over 10 years; Central Bank

August 31, 2019By Practicenetlending, Syndicated

Biggest growth in consumer lending in over 10 years; Central Bank New lending for car purchase in the year to July reached its highest level since the Central Bank started measuring the indicator in 2012. According to the regulator’s figures, gross new lending for car purchase hit €2.1 billion in the twelve month period. Arrangements […]

Euro zone inflation remains low

August 31, 2019By Practiceneteurozone, Syndicated

Euro zone inflation remains low Euro zone inflation remained low at 1% in August, well below the European Central Bank’s target, bolstering market expectations that the bank will further ease monetary policy next month. The European Union’s statistics office said that inflation in the 19 countries sharing the euro was unchanged from the July reading, […]

Government urged to set up €1bn Brexit Response Fund

August 30, 2019By Practicenetgovernment, Syndicated

Government urged to set up €1bn Brexit Response Fund The British-Irish Chamber of Commerce has called on the Government to set up a €1bn Brexit Response Fund to help Irish businesses withstand a ‘Brexit shock’. It said such a fund would assist the most vulnerable businesses through the Brexit period. The chamber said the Government […]

Average weekly pay increased at fastest pace in a decade in Q2

August 30, 2019By Practicenetpay, Syndicated

Average weekly pay increased at fastest pace in a decade in Q2 Wage pressures are continuing to take hold in the economy with average weekly earnings growing by 3.5% in the year to June, the highest rate of growth in around a decade. According to figures from the CSO, average weekly earnings stood at €771.12 […]

‘Reduce national debt with any corporate tax windfall’ – Central Bank

August 29, 2019By Practicenetdebt, Syndicated

‘Reduce national debt with any corporate tax windfall’ – Central Bank The Acting Governor of the Central Bank has urged the Minister for Finance to use any unexpected windfall in corporate tax this year to reduce the national debt, which stands at just over €200 billion. In a pre-Budget letter to the Minister published today, […]

Car sales slump drives Ireland’s retail activity 4.3pc lower in July

August 29, 2019By Practicenetretail, Syndicated

Car sales slump drives Ireland’s retail activity 4.3pc lower in July An unseasonal slump in new car purchases drove Ireland’s retail sales sharply lower last month, the Central Statistics Office reported on Wednesday. Sales declined by 4.3pc in both value and volume terms versus June levels, chiefly because many Irish car hunters are opting to […]

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