Employers in the tech sector are facing challenges when it comes to wage pressures and the availability of talent. According to the 2024 Stelfox Salary Guide Survey, 70% of tech employers in Ireland say wage pressure is a major hurdle they will need to navigate in 2024, while an even greater number, 83%, are grappling […]
The amount of tax collected by the State increased by almost 5% in January when compared to the same time last year, driven by strong VAT and income tax receipts. The latest figures from the Department of Finance show that overall tax revenue for the month stood at €7.8 billion. January is a VAT-due month, […]
There was a marked slowdown in the rate of expansion in activity in the services sector in January, according to AIB in its latest Purchasing Managers’ Index. The overall index came in at 50.5 in the month – just above the 50 breakeven point that separates expansion from contraction in a given sector. It was […]
Euro zone consumers have trimmed their expectations for inflation over the next 12 months, a European Central Bank poll showed today, in a sign the ECB’s credit-tightening efforts are having an impact. The Consumer Expectations Survey (CES) is used by policymakers to gauge whether the steepest streak of interest-rate hikes in the euro’s history has […]
There was a marked slowdown in the rate of expansion in activity in the services sector in January, according to AIB in its latest Purchasing Managers’ Index. The overall index came in at 50.5 in the month – just above the 50 breakeven point that separates expansion from contraction in a given sector. It was […]
The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook in the United States offsets euro zone weakness, the OECD said. World economic growth is expected to ease from 3.1% in 2023 to 2.9% this year, better than the 2.7% expected in […]
Minister for Finance Michael McGrath has announced that the interest rate on tax debt frozen since the pandemic has been cut to 0%. The Revenue Commissioners have also indicated that they will take a flexible approach to repayments which will allow for pay back arrangements spanning more than five years. There is still €1.72 billion […]
Construction costs are continuing to rise, but the rate of increase eased significantly in the second half of last year, the latest Tender Price Index from the Society of Chartered Surveyors of Ireland shows. The report shows that the rate of commercial construction inflation increased nationally at a rate of 1.5% in the final six […]
New car sales were up 15% in January when compared to the same time last year, new figures show. A total of 31,470 new cars were sold during the month, the data from the Society of the Irish Motor Industry (SIMI) reveals. Despite that growth, registrations are still 3% lower than pre-Covid levels in 2019. […]
Euro zone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank’s argument that rate cuts should not be rushed, even if the next move is still going to be policy easing. Consumer inflation in the 20 nations sharing the euro dipped to 2.8% in […]
