Activity in the construction sector slowed again in September, according to the latest purchasing managers index from BNP Paribas Real Estate Ireland. The index stood at 48.6 in the month – below the 50 marker that separates growth from contraction. It makes September the eighth month of the year so far to see a decline […]
The number of insolvencies in the third quarter of the year was up 54% on the same period last year. Between July and September, 185 insolvencies were recorded, compared to 120 during those three months in 2022. But new data from credit risk analyst, CRIFVision-Net, shows that while insolvencies grew during that period, so too […]
The United Nations food agency’s world price index was largely stable in September, as declines in the indices for vegetable oils, dairy and meat offset a surgein sugar and maize prices. The Food and Agriculture Organization’s (FAO) price index tracks the most globally traded food commodities. It averaged 121.5 points last month against a revised […]
The rising cost of doing business and reduced tourism accommodation supply meant the key tourism month of July wasn’t as strong as hoped, new data from the sector suggests. The latest monthly dashboard from the Irish Tourism Industry Confederation (ITIC) points out that 650,200 international visitors came to this country from abroad during the month. […]
The Nevin Economic Research Institute (NERI) has said an expansionary Budget next week “makes little economic sense” at this time. This is because it believes the economy is at, or close to, capacity with full employment. The union-backed think tank said that the level of spending outlined in the Government’s Summer Economic Statement will “add […]
A fall in exports and lower consumer spending in the face of higher inflation will lower the growth rate in the economy this year, according to the Economic and Social Research Institute. In its latest Quarterly Bulletin, the think-tank also cautions against any cuts in taxes in the upcoming Budget that go beyond keeping pace […]
Gas was responsible for generating 46% of Ireland’s electricity in September, amid mild, sunny and wet weather. That proportion was similar to the previous month, but down from 55% in September of 2022. Wind accounted for 35% of energy generation capacity during the month, up 10 percentage points on the same month a year ago. […]
The value of mergers and acquisitions with Irish involvement hit $33.3 billion during the first nine months of the year. That represented an increase of 48% compared to 2022 and the second highest amount for that period for any of the last five years. The data compiled by the London Stock Exchange Group Deals Intelligence […]
Corporation tax in September came in below the Department of Finance’s estimate for the second month in a row, according to the latest Exchequer figures published this afternoon. The data came as the Department of Finance Chief Economist warned that it looks like tax revenue for 2023 will undershoot the most recent forecast. The Exchequer […]
The growth in activity in the services sector was the slowest since the beginning of the year, according to the latest AIB Ireland Services Purchasing Managers Index. Concerns over the impact of higher interest rates and cost pressures weighed on the outlook, although it did remain positive. “Indeed, it was the lowest reading since January, […]
