Latest News

Euro zone economic sentiment eases in August

Euro zone economic sentiment eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations peaked. The European Commission’s economic sentiment index, released today, eased to 117.5 in August from an all-time high of 119 in July. Optimism …

Euro zone economic sentiment eases in August Read More »

Sinn Féin leader says ‘build to rent’ scheme would worsen housing crisis

Sinn Fein leader, Mary Lou McDonald TD has stated that if planning is approved for the 1,614 ‘build to rent’ apartments on the grounds of Clonliffe College in Drumcondra, Dublin it will only further exacerbate the housing crisis. The Dublin Central TD is one of 120 parties to make submissions on the contentious €610 million …

Sinn Féin leader says ‘build to rent’ scheme would worsen housing crisis Read More »

State further reduces stake in Bank of Ireland

The Government has reduced its stake in Bank of Ireland by a percentage point. In a statement to the stock exchange, Bank of Ireland said the percentage of its voting rights owned by the Government through the Ireland Strategic Investment Fund (ISIF) has decreased from 12.98% to 11.97%. The percentage of voting rights in the …

State further reduces stake in Bank of Ireland Read More »

People may be more conservative in how they use Covid savings – research

People are adopting a more conservative approach to using savings build up during the Covid-19 pandemic than anticipated, new research from Permanent TSB Bank and research company Kantar shows. Leontia Fannin, Head of Corporate Affairs at Permanent TSB, said today’s findings could signal a lower-than-expected post Covid “bounce” in the economy. “There has been an …

People may be more conservative in how they use Covid savings – research Read More »

Government now faces tricky dilemma on PUP wind-down

When the history of Ireland’s handling of the pandemic is written in years to come, the economic impact and the response of the Government to it will be a key focus. And central to that analysis will be the role played by, and the effectiveness of, the Pandemic Unemployment Payment or PUP. Introduced almost overnight …

Government now faces tricky dilemma on PUP wind-down Read More »

Consumer confidence rises but business sentiment slips – Bank of Ireland

Bank of Ireland’s latest Economic Pulse shows that consumer confidence rose in August but business sentiment slipped. Bank of Ireland said the Consumer Pulse was in catch-up mode and moved higher as households upgraded their assessment of both the general economic and their own financial situations. But the Business Pulse slipped this month as Bank …

Consumer confidence rises but business sentiment slips – Bank of Ireland Read More »

Faulty goods and services top CCPC query list

Issues relating to faulty goods and services topped the list of queries to the Competition and Consumer Protection Commission in the first six months of this year. There was a steep rise in the number of queries relating to audio-visual and electronic goods and a corresponding fall in travel-related queries. The Consumer Contacts Report details …

Faulty goods and services top CCPC query list Read More »

People waiting for right opportunity to get new job – Indeed

Around three in ten workers surveyed by recruitment website Indeed said they were open to new employment opportunities but are not actively looking. The survey showed that 7% of workers said they were urgently looking for a new post while around half said they were not searching for a new role. Indeed said this suggests …

People waiting for right opportunity to get new job – Indeed Read More »

Value of mortgage approvals at a ten-year high in July – BPFI

Just over 53,500 mortgages to the value of almost €13.2 billion were approved in Ireland in the 12 months to the end of July, according to Banking and Payments Federation Ireland. That represented an increase in approval volumes of just over 3% compared to the 12 months to the end of June, while the value …

Value of mortgage approvals at a ten-year high in July – BPFI Read More »

Rise in consumer confidence here in August not repeated elsewhere

Irish consumer sentiment improved marginally in August while confidence dipped in the US, UK and euro area. The latest consumer sentiment index from KBC Bank Ireland increased to 86.5 in August from 84.9 in July. That saw the sentiment index largely – but not entirely – reversing July’s drop from the two-year high of 87.2 …

Rise in consumer confidence here in August not repeated elsewhere Read More »

Cyberattacks on the rise over last year – survey

90% of Irish IT security experts say they have seen a rise in disruptive cyberattacks in the last year, a new survey has found. The study also found that just 30% felt that their executive management fully understands the value and needs of the cyber security teams, compared to 42% globally. More than half of …

Cyberattacks on the rise over last year – survey Read More »

Marginal increase in commercial vacancy rate in second quarter of 2021

The vacancy rate in commercial properties around Ireland remained relatively steady in the second quarter of 2021. According to the latest GeoView Commercial Vacancy Rates Report from EY for GeoDirectory, out of a total commercial property stock of 211,739 units in Ireland, 28,831 were classified as vacant in June this year. This resulted in a …

Marginal increase in commercial vacancy rate in second quarter of 2021 Read More »

Do we really want to return to our old ways of working?

Opinion: the way we work has implications for our psychological well-being and social relationships within and beyond the workplace After 18 months of living with Covid-19, this autumn has been heralded as the time for a return to normality. Across Ireland and the UK, footfall in towns and cities is expected to increase as workers …

Do we really want to return to our old ways of working? Read More »

Ibec calls for more autonomy in reopening road map

The chief executive of Ibec has told the Government it is vital that the next road map to reopening the economy is less prescriptive in nature than previously. In a letter to the Taoiseach and other ministers, Danny McCoy said businesses welcomed that Government is publishing a revised road map to reflect the progress made …

Ibec calls for more autonomy in reopening road map Read More »

Number of PUP recipients falls below 150,000 for first time

The number of people due to receive the Pandemic Unemployment Payment (PUP) this week has fallen by less than 4,000 when compared to last week. 149,436 will get the PUP in the coming few days, down from 153,309 last week. It is the first time that the number of recipients has fallen below the 150,000 …

Number of PUP recipients falls below 150,000 for first time Read More »

Health insurance, pensions among benefits workers want

Health insurance, pensions and paid sick leave are among the top benefits sought by employees from their employers, new research has revealed. However, the provision of support for childcare was the benefit that was least offered by employers, the study by Morgan McKinley also found, with just 1.1% receiving it from the firm they work …

Health insurance, pensions among benefits workers want Read More »

Grocery market declines by 3.9% as indoor dining resumes – Kantar

The Irish grocery market declined by 3.9% during the 12 weeks to August 8, as life continued to edge back to normal and indoor dining in restaurants, pubs and cafés returned for people who are double vaccinated. Kantar said it was important to put the dip in sales in perspective as they are compared to …

Grocery market declines by 3.9% as indoor dining resumes – Kantar Read More »

80% of retailers in rent arrears with landlord – Retail Excellence

80% of retailers are in rent arrears with at least one landlord, a new survey by industry representative body Retail Excellence has revealed. The research also found that in one fifth of rent arrears cases, the retailer claimed there had been no engagement whatsoever from their landlord. “This survey provides a useful indication of what …

80% of retailers in rent arrears with landlord – Retail Excellence Read More »