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NTMA plans to launch new 2050 syndicated bond

NTMA plans to launch new 2050 syndicated bond The National Treasury Management Agency said today it plans to issue a new 2050 bond via a syndicated sale in the near future Market sources say the auction – which is subject to market conditions – is expected to raise about €3 billion. The NTMA has already […]

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Irish economic growth set to moderate – Commission

Irish economic growth set to moderate – Commission The European Commission said today that GDP growth in Ireland is forecast to moderate as support from the external environment weakens and risks, including Brexit, grow. But in its latest quarterly economic forecast, the Commission said that underlying economic activity is expected to remain “robust” on the […]

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Easter inflation bounce won’t end slowdown fears

Easter inflation bounce won’t end slowdown fears A rise in headline inflation in April should have given comfort to the European Central Bank, but the pick-up was due to a rise in package holiday and airline fare prices at Easter and is set to fall back as the year progresses. Data from the European Statistics […]

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Euro zone inflation accelerates in April on energy, services

Euro zone inflation accelerates in April on energy, services Euro zone inflation surged beyond expectations last month, mild relief for the European Central Bank, even if much of the jump was likely related to seasonal effects due to the timing of Easter. Inflation in the 19 countries sharing the euro accelerated to 1.7% in April […]

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Cabinet expected to approve €3bn broadband plan

Cabinet expected to approve €3bn broadband plan The Cabinet meets this morning to consider approving the National Broadband Plan, which aims to bring high-speed internet to more than half a million homes, farms and businesses across rural Ireland. Taoiseach Leo Varadkar confirmed to the Dáil that the project could cost as much as €3bn over […]

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Live Register figures down by 0.4% in April

Live Register figures down by 0.4% in April The number of people signing on the Live Register showed a monthly decrease of 700, or 0.4%, in April, new figures from the Central Statistics Office show. This brings the seasonally adjusted total to 194,700. The CSO said the number of people on the Live Register in […]

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Worsening consumer sentiment erases March recovery

Worsening consumer sentiment erases March recovery Consumer sentiment soured in April, weighed down by an uncertain economic outlook and related worries about household incomes, a new survey shows today. The KBC Bank/ESRI consumer sentiment index fell to 87.7 in April from 93.1 in March, largely erasing a partial recovery from February’s 51-month low of 86.5. […]

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Euro zone factory activity contracted for third month in April – PMI

Euro zone factory activity contracted for third month in April – PMI Euro zone factory activity contracted for a third month in April, hurt by weak global demand, rising trade protectionism and concerns over Britain’s upcoming departure from the European Union. IHS Markit’s April final manufacturing Purchasing Managers’ Index registered 47.9, beating March’s six-year low […]

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Services growth slows in April as Brexit hits sales – PMI

Services growth slows in April as Brexit hits sales – PMI Growth in the country’s services sector slowed in April, adding to signs that the economy began the second quarter at a more moderate pace amid the global slowdown. The AIB services purchasing managers’ index slipped to 54.7 from 55.3 in March. While the reading […]

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End of April budget deficit was €3.2bn

End of April budget deficit was €3.2bn THE State recorded a deficit of €3.19bn in the four months to the end of April 2019, but remains on course to end the year in surplus after last year’s first balanced budget in a decade. Tax revenues were €15.57bn in the period to the end of April, […]

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