Exchequer figures to be released later today are expected to show a surplus of €1.5bn for last year. The surplus is mainly due to higher than forecast levels of corporation tax on company profits. The forecasts for corporation tax were revised upwards three times in 2019. The final figure is expected to be €1.4bn ahead […]
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The final AIB PMI survey of Irish manufacturers for 2019 revealed a further deterioration in business conditions in December. The extent of the downturn remained mild, with new orders and employment only fractionally lower than in November. Exports remained the main drag on total new orders, linked to a weak UK market. Output was cut […]
The euro, the pound and some trade-sensitive currencies rallied as the dollar slid to a six-month low today. Investors are confident that global growth prospects are improving and that US-China trade relations are getting significantly better. After staying strong for much of 2019 thanks to the relative outperformance of the US economy and investors’ preference […]
Gold rose to its highest level in more than three months today, capping its best year in nearly a decade, on a weakening dollar and year-end buying in thin-volume trading. Spot gold hit its highest since September 25 at $1,524.20 and was last up 0.5% to $1,522.89 per ounce. US gold futures rose 0.4% to $1,524.70. […]
Oil fell on the last trading day of 2019 but was still on track for monthly and annual gains, supported by a thaw in the prolonged US-China trade row and Middle East unrest. Brent crude was up 11 cents at $66.78 a barrel this afternoon, while US West Texas Intermediate (WTI) crude rose six cents […]
Housing prices saw their first annual fall since 2012 this year, the latest Daft.ie Sales Report shows today. Housing prices fell by 1.2% during 2019, with the average price nationwide in the final quarter of the year standing at €250,766. This was 2.4% lower than in the third quarter and 1.2% lower than a year […]
The euro hit a four and a half month high today as optimism over US-China trade relations and the global growth outlook knocked demand for dollars. Thin end-of-year volumes exacerbated the broad weakness in the greenback, which has seen it dip for three sessions in a row and on Friday suffer its biggest one-day fall […]
Business sentiment rose for the third consecutive month in December, while consumer sentiment remained steady, the latest Bank of Ireland Economic Pulse shows. The Bank of Ireland Economic Pulse, which combines the results of the Consumer and Business Pulses, showed a reading of 83 in December. This was up 2.3 on November’s reading but 5.4 […]
The National Minimum wage will increase to €10.10 in February, the Minister for Employment Affairs and Social Protection has announced. That represents an increase of 30 cent on the current rate of €9.80 per hour. It is estimated that over 127,000 workers would benefit from the increase. Minister Regina Doherty said the Government had decided […]
A new survey today reveals that 25% of Irish IT decision-makers worry that their organisation is not General Data Protection Regulation (GDPR) compliant. The survey, from data centre operator Equinix, found that 76% of IT decision-makers said that complying with data protection regulations is a top priority for their company’s technology strategy. 44% also said […]
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Park House,
Main Street,
Loughrea,
Co. Galway.
EirCode: H62 HX65
Telephone: +353 (0)91 841518
Mobile: +353 (0)86 2550866
Fax: +353 (0)91 842663
Email: michael@michaelfdolan.ie
Web: www.michaelfdolan.ie
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