News

EU leaves euro zone growth forecast unchanged for this year and next

February 13, 2020By Practiceneteurozone, Syndicated

The European Commission has today kept its economic forecast for moderate euro zone growth for this year and 2021. But it raised slightly its projection for inflation, noting the spread of the coronavirus was the key downside risk. In an interim outlook for gross domestic product (GDP) growth and consumer inflation for the 19 euro […]

New sources of tax needed to fund pensions – OECD

February 13, 2020By PracticenetSyndicated

The Paris-based Organisation for Economic Cooperation and Development has said that Ireland’s population will age more rapidly than most other countries over the next 40 years. In a survey on the Irish economy published this afternoon, it also warns that future changes to international corporate tax rules could lower the attractiveness of Ireland to […]

House prices grow at slowest rate in six years – CSO

February 13, 2020By Practicenethouse, Syndicated

Residential property prices posted their lowest annual growth in over six years in December, increasing by 0.9% after prices in Dublin fell for a fifth month in a row. This is according to the latest figures from the Central Statistics Office today. House prices have stabilised over the last year having increased sharply for five […]

Euro zone industrial output tumbles more than expected in December

February 12, 2020By Practiceneteurozone, Syndicated

Euro zone manufacturing output plunged more than expected in December ending a weak quarter for the single currency area, official estimates showed today. Industrial production fell 2.1% month-on-month in the euro zone, the EU statistics agency Eurostat said, in a slump that was worse than the 1.6% fall predicted by economists polled by Reuters. Year-on-year, […]

Economy operating close to full capacity – Central Bank

February 12, 2020By PracticenetSyndicated

The Central Bank has said the economy is close to operating at full capacity and that any incoming government should follow a prudent fiscal policy and reduce the level of national debt. In its Quarterly Bulletin, the bank also highlights how exports of Irish goods are becoming increasingly concentrated in pharmaceuticals and computer processors. The economy […]

Number of apartments built last year jumps by 60% – CSO

February 12, 2020By Practicenetapartments, Syndicated

The number of apartments built last year jumped by almost 60% compared to 2018, new figures from the Central Statistics Office show today. The CSO said a total of 3,644 apartments were built last year, up 59.6% on the figure of 2,283 for 2018. When measured on a quarterly basis, the number of new apartments […]

Banks and property related stocks slump in Dublin trade

February 11, 2020By Practicenetmarket, Syndicated

Shares on the Dublin market were lower today after Sinn Féin secured the highest percentage of the first preference vote in the weekend election. The ISEQ index closed down 1.2%. The banks were all weaker with AIB end the day 5.4% lower, while Bank of Ireland sank 8.3% and Permanent TSB tumbled 11%. Investors fear a negative impact from Sinn […]

Commercial sector boosts construction activity in January – PMI

February 11, 2020By PracticenetSyndicated

Activity in the construction sector grew in January for the second month in a row, but the pace of growth slowed from December, a new survey shows. The latest Ulster Bank Construction Purchasing Managers Index showed a reading of 50.9 in January, above the 50 no-change mark again but down from 52 in December. Ulster […]

Euro zone investor morale falls in February on coronavirus fears – Sentix

February 11, 2020By Practiceneteurozone, Syndicated

Investor morale in the euro zone fell for the first time in four months in February over fears that China will not be able to contain the coronavirus outbreak, a survey showed today. Sentix’s index for the euro zone fell to 5.2 from 7.6 in January. The Reuters consensus forecast was for a fall to […]

House sales up in commuter counties

February 10, 2020By Practicenethouses, Syndicated

The sale of houses in commuter counties around Dublin increased by at least 5%, according to a study based on analysis of sales recorded in the Property Price Register. Eight Leinster counties recorded increases of at least 5% in the number of sales compared with 2018. The study, which was carried out by property website […]

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