Property price growth slows as Dublin prices fall
Residential property price inflation slowed further in November to a rate of 8.6%, down from 9.7% in October, according to the latest figures from the Central Statistics Office. Prices in Dublin rose by 7% on an annual basis, and fell marginally by 0.2% between October and November, while properties outside Dublin rose by 9.8%. This […]
Over half of professionals here considering moving jobs
Despite economic uncertainty and the global hiring slowing down, 59% of Irish professionals are considering changing jobs in 2023 according to new research from LinkedIn. The data also shows a hiring slowdown in Ireland, down by 12.7% compared to last year. Demand for higher wages remains the biggest motivator for those looking for new opportunities […]
Annual rate of inflation slows to 8.2% in December – CSO
The annual rate of inflation last month continued to moderate, according to the latest figures from the Central Statistics Office. The Consumer Price Index eased to 8.2% in December, down from 8.9% in November. The annual average rate for 2022 was 7.8%, the highest annual rate since 1984. Inflation fell slightly in December for the […]
Govt urged to introduce pension auto-enrolment ‘as quickly as possible’
The Pensions Authority is expected to tell the Oireachtas Committee on Social Protection today that the Government should introduce pension automatic enrolment as quickly as possible. In October, details of the new auto-enrolment scheme were approved ahead of its expected introduction in 2024. Workers aged between 23 and 60 will be automatically signed up to […]
3,500 net new jobs created by LEOs last year
Nearly 3,500 net new jobs were created by companies supported by Local Enterprise Offices (LEOs) around the country last year despite the economic challenges. In total 7,870 new roles were added over the 12 months before jobs lost were taken into account, a 10% increase on the previous year. The gains marked the ninth consecutive […]
Employers hope to attract workers to the north west with Dublin event
A number of agencies will come together to promote the north west with some of the region’s biggest employers at an event in Dublin next month. The goal of the event, which will take place on 9 February in the Westbury Hotel, is to get the message out to professionals based in Dublin and the […]
ECB must keep raising rates to fight off inflation – Lane
The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the most rapid policy tightening cycle on record, ECB chief economist Philip Lane has told the Financial Times. The ECB has raised rates by a combined 2.5 percentage […]
Live Register numbers up marginally in December
All counties saw an increase in the number of people on the Live Register in the 12 months to December All counties saw an increase in the number of people on the Live Register in the 12 months to December The number of people signing on the Live Register increased marginally in December, by 300 […]
Agreement over NI Protocol important – Enterprise Ireland CEO
The Chief Executive Officer of Enterprise Ireland has said that Ireland was uniquely placed to do well in global markets, but reaching an agreement on the Northern Ireland Protocol was important. Speaking on RTÉ’s The Business programme, Leo Clancy added that the aim of Enterprise Ireland is that at some point it will no longer […]
Movies and TV productions share in €127.3m corporation tax credits for 2022
New movies starring Liam Neeson, Kerry Condon, Sarah Greene and Russell Crowe were some of the big winners in the Revenue Commissioners’ Section 481 film corporation tax credit scheme for the Irish movie and TV production sector last year. New figures provided by the Revenue Commissioners show that the value of payments made under the […]
Changes in shopping behaviour due to food inflation
Irish people are changing their shopping behaviour and their attitudes toward food and drink, according to detailed new consumer research prepared for Bord Bia. The research shows more people are shopping for essentials, meat purchases are being cut except for chicken, and consumers say shopping lists are more important in recent months. Throughout last year […]
Sales of electric cars increased by 81% in 2022 – CSO
The number of new electric cars licensed for the first time in 2022 increased by 81% to 15,462 compared with the previous year, according to figures from the Central Statistics Office. Overall, 101,349 new cars were licensed last year, a slight decrease compared with 2021. The CSO said the number of used cars licensed last […]
Payments to businesses of €9.5m approved under TBESS so far
€9.5m has been approved for payment so far under the Government’s €1.3 billion Temporary Business Energy Support Scheme (TBESS). The scheme was announced as part of Budget 2023 to help businesses cope with the recent rises in energy costs. It provides qualifying businesses with up to 40% of the increase in electricity or gas bills […]
New Irish mortgage rates 3rd lowest in euro area
Interest rates on new mortgages remained unchanged in November, according to the latest figures from the Central Bank. The weighted average rate on new mortgages was 2.57%. This is down 14 basis points, or 0.14% compared to November 2021. The average for new fixed rate mortgages, which now comprise 93% of all new mortgages, was […]
Unemployment rate drops slightly in December to 4.3% – CSO
The unemployment rate declined marginally in December to 4.3% from 4.4% in November, according to the Central Statistics Office. This compares to a rate of 5.1% in December 2021. It’s also lower than the 4.8% recorded in December 2019, before the pandemic. The seasonally adjusted number of people unemployed was 114,500 in December last year, […]
Irish food and drink exports reach record high of €16.7 billion
The value of Ireland’s food, drink and horticulture exports increased by 22% last year to reach a new record high of €16.7 billion. Bord Bia’s Export Performance and Prospects report shows the significant increase in food and drink exports, up €3 billion since last year and almost 30% on pre-pandemic levels, can be attributed to […]
Employment at Enterprise Ireland backed firms rose 5% last year
The number of people employed at firms backed by Enterprise Ireland (EI) rose 5% last year to 218,178, despite the difficult trading environment. It said 10,841 net new roles were created over the 12 months, down slightly on the record 11,911 jobs added a year previously. In total, 19,660 positions were generated by companies supported […]
Grocery sales hit a record-breaking €1.3 billion as inflation bites
New figures from Kantar show that grocery inflation here now stands at a record high of 15.4% for the 12-week period ending December 25, 2022. Kantar said this is higher than UK grocery price inflation which currently stands at 14.2%. Today’s figures show that take-home grocery sales in Ireland increased by 10% in the four […]