News

€8.9 billion deficit in public finances recorded in November

The public finances recorded a deficit of €8.9 billion in November, according to the latest Exchequer figures. This compares to a surplus of €3.355bn in November last year. It is also an improvement on the €11.7bn deficit recorded at the end of October, largely due to some one-off factors. The deterioration compared to last year […]

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Services activity shrinks faster in November – PMI

Services activity contracted faster in November, ahead of the reopening from this week of large parts of the sector, a business survey showed today.  Ireland became one of first European countries to reimpose tough Covid-19 restrictions in late October when the Government shut non-essential retail and limited pubs and restaurants to takeaway services. The restrictions […]

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Little progress on key issues in Brexit talks

Brexit talks have stretched late into the night as both sides fought their corners with the clock ticking down to the deadline for a trade deal.  It was reported that several boxes of pizza were delivered to the talks venue last night.  EU and UK officials are trying to hammer out an agreement ahead of the end […]

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Brexit will impact consumer rights, warns watchdog

Irish consumers are planning on buying Irish after Brexit and many have already switched from UK websites due to concerns around consumer rights.  The Competition & Consumer Protection Commission (CCPC) said there has been an 18% increase in the number of people planning on buying more from Irish-based businesses. But more than half of consumers here still […]

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Dublin sixth most active real estate market in Europe, according to report

Dublin is the sixth most active real estate market in Europe for capital invested, according to a report by PwC and Urban Land Institute. In its 18th year, the report ranks 31 European cities for investment and development potential as well as ranking sector prospects. It is based on the opinions of 995 real estate professionals across […]

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Dublin sixth most active real estate market in Europe, according to report

Dublin is the sixth most active real estate market in Europe for capital invested, according to a report by PwC and Urban Land Institute. In its 18th year, the report ranks 31 European cities for investment and development potential as well as ranking sector prospects. It is based on the opinions of 995 real estate professionals across […]

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Lockdown drives early Christmas shopping – PayPal

One third of Irish consumers, or 1.2 million people are Christmas shopping earlier this year due to lockdown, according to new research from PayPal. The study, conducted by Censuswide and involving more than 1,000 consumers in Ireland, found that the top reasons for starting shopping earlier are concerns over the availability of items and worries about […]

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Surge in mortgage approvals in October driven by first-time buyers

New figures from Banking and Payments Federation Ireland show that October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011. A total of 5,207 mortgages were approved in October. First-time buyers (FTBs) were approved for 3,041 mortgages, or 58.4% of the total volume, while mover purchasers accounted for 1,267 […]

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Surge in mortgage approvals in October driven by first-time buyers

New figures from Banking and Payments Federation Ireland show that October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011. A total of 5,207 mortgages were approved in October. First-time buyers (FTBs) were approved for 3,041 mortgages, or 58.4% of the total volume, while mover purchasers accounted for 1,267 […]

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What was the cost of Level 5 on our economy and health?

As the country moves out of Level 5 restrictions today, Health Correspondent Fergal Bowers looks at the impact on health services, while Economics Correspondent Robert Shortt examines the financial fallout. The big question about Level 5 restrictions, which are being eased from today is, was it worth it? From a health perspective, the figures show […]

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