Industry & Business

Economy

Manufacturing Production Accelerates at Fastest Rate in 17 Months

    Manufacturing Production Accelerates at Fastest Rate in 17 Months

The Irish manufacturing sector showed further signs of recovery following the UK’s decision to leave the EU, with business conditions strengthening to the greatest extent in almost a year-and-a-half during

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month for the three months ending November 2016, according to the latest figures from the Banking & Payments

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Wealthiest 10% of Households Own 51.2% of Total Net Wealth – ECB Household survey

    Wealthiest 10% of Households Own 51.2% of Total Net Wealth – ECB Household survey

The wealthiest 10% of households own 52.2% of the total net wealth in the Euro area, except Lithuania, and Hungary and Poland, according to the results from the second wave

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Construction Industry to Experience Most Positive Outlook in a Decade

    Construction Industry to Experience Most Positive Outlook in a Decade

The economy is growing at a solid pace, and the quantity and quality of buildings and infrastructure delivered by the construction industry will play an important role in that economic

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Factory Gate Prices Rose 0.9% in November

    Factory Gate Prices Rose 0.9% in November

Monthly factory gate prices increased by 0.9% in November 2016, according to data released by the CSO on Thursday. This compares to an increase of 2.9% for November of last

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Global Coordinators Appointed to Sell AIB Shares

    Global Coordinators Appointed to Sell AIB Shares

Bank of America Merrill Lynch, Davy and Deutsche Bank were appointed as ‘Global Coordinators’ to assist in a potential future Initial Public Offering (IPO) of AIB, the Department of Finance

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3.5% GDP Growth Forecast for 2017

    3.5% GDP Growth Forecast for 2017

The ERSI forecast GDP growth at 4.2 percent for 2016, and 3.5 percent for 2017 in the Quarterly Economic Commentary for Winter 2016, published on Thursday. The report notes that

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Foreign-Owned Enterprises Produced More Than Half of Non-Financial Goods and Services in 2014

    Foreign-Owned Enterprises Produced More Than Half of Non-Financial Goods and Services in 2014

Over 99% of business in Ireland are Small and Medium-sized Enterprises (SME), however these generate less than half (49.6%) of the Gross Value Added (GVA) in the Irish economy, while

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Most CFOs Confident About Economic Prospects – PwC

    Most CFOs Confident About Economic Prospects – PwC

Eight out of ten CFOs were confident about prospects for the economy in the year ahead, according to a survey executed in Summer 2016 by PwC. The survey report, released

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First Interim Dividend Paid to Unsecured Creditors of IBRC

    First Interim Dividend Paid to Unsecured Creditors of IBRC

The first interim dividend of 25% was paid to all admitted unsecured creditors of the Irish Bank Resolution Corporation (IBRC), the Department of Finance said on Tuesday. “The payment of

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Northern Ireland Export Orders Rise at Record Rate

    Northern Ireland Export Orders Rise at Record Rate

A record rise in new export orders was signaled as companies benefited from Sterling weakness in November, according to data from the Ulster Bank Northern Ireland PMI. The data also

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a website featuring career opportunities on Monday in the wake of a report that construction activity can sustain an additional 112,000 jobs up to

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Ulster Banks Construction PMI Shows Sharp Rise in Employment

    Ulster Banks Construction PMI Shows Sharp Rise in Employment

Irish construction firms continued to record strong activity growth during November, supported by a further sharp increase in new orders, according to the Ulster Bank Construction PMI released on Monday.

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw

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During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

A research technical paper published by the Central Bank of Ireland on Monday, shows that the cost of bank finance “increased disproportionately for smaller enterprises” during the euro crisis. The

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CSO Publishes Statistical Guide to Brexit

    CSO Publishes Statistical Guide to Brexit

The Central Statistic Office released “Brexit: Ireland and the UK in numbers”, on Wednesday, December 7. The publication provides the available figures covering the main areas of Ireland’s engagement with

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ESRI Publishes Medium-Term Outlook for the Irish Economy

    ESRI Publishes Medium-Term Outlook for the Irish Economy

The Economic and Social Research Unit (ESRI) published a medium-term outlook for the Irish economy on Monday, December 5. Called “Ireland’s Economic Outlook: Perspectives and Policy Challenges”, the research uses

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Ireland’s Prospects Bright, But Uncertain – ECB

    Ireland’s Prospects Bright, But Uncertain – ECB

The European Commission and ECB finished the sixth post-programme surveillance review for Ireland on Friday, December 2, in which they said that Ireland’s economic prospects remained bright, but warned that

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Uncertain Economic Outlook Keeps Irish Consumers Cautious

    Uncertain Economic Outlook Keeps Irish Consumers Cautious

Irish consumers have remained cautious in the face of uncertain economic conditions, contrasting with changing attitudes in other areas, according to the November Consumer Sentiment Index, released by the ESRI

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Trade Mission to France Focuses on Cleantech, Brexit

    Trade Mission to France Focuses on Cleantech, Brexit

Minister for Foreign Affairs and Trade Charles Flanagan led an Enterprise Ireland Trade Mission to Lyon, on Wednesday, November 30, focusing on the high potential Cleantech sector. Today he will

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Value of Irish Money Market Funds Decreased by €16 Billion in September

    Value of Irish Money Market Funds Decreased by €16 Billion in September

Net asset value of money market funds (MMFs) in Ireland decreased by €16 billion to €444 billion in September 2016, according to statistics on money market funds during the third

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2016 Set to be ‘Best Year Ever’ for Irish Tourism

    2016 Set to be ‘Best Year Ever’ for Irish Tourism

2016 is set to be the best year ever for Irish tourism, surpassing all previous records, according to Tourism Ireland who launched its marketing plan to promote Ireland as a

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Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

    Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor attended a day-long meeting of EU Single Market Ministers in Brussels on Monday, November 28, to support the proposal for an

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CSO Finds Average Weekly Earnings up in Third Quarter of 2016

    CSO Finds Average Weekly Earnings up in Third Quarter of 2016

Preliminary estimates released by the Central Statistics Office on Friday, November 25, show that average weekly earnings and average hourly

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Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

    Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

A report by PwC and the World Bank Group, released on Tuesday, November 22, says that Ireland is the most

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Medtronic Releases Second Quarter Financial Report

    Medtronic Releases Second Quarter Financial Report

Dublin-headquartered medical device company Medtronic reported the financial results of its second quarter on Tuesday, November 22. The company reported

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State Prepares to Sell Shareholding of AIB

    State Prepares to Sell Shareholding of AIB

The Department of Finance announce on Thursday, November 17, that they have launched a competition to appoint investment banks to

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Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

    Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

Research by Knowledge Transfer Ireland found that 748 collaborative new research agreements between research performing organisations and industry were signed

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14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

    14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

Figures released by the Central Statistics Office on Thursday, November 18, show that 14,270 days were lost to industrial disputes

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the

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CSO Estimates 3.7 Billion Euro Trade Surplus for September

    CSO Estimates 3.7 Billion Euro Trade Surplus for September

Preliminary figures released by the Central Statistics Office on Tuesday, November 15, indicate that Ireland’s seasonally adjusted trade surplus will

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Irish SMEs will get chance to avail of lower corporation tax, says Minister

    Irish SMEs will get chance to avail of lower corporation tax, says Minister

Minister Mary Mitchell O’Connor has announced that new legislation will allow Irish SME’s involved in research and development activities to

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Central Bank Revises Irish Growth Projections

After Brexit, the Central Bank has revised its growth projections for the Irish economy for the next year.

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June PMI Shows Growth in Service Sector

According to Investec’s latest Purchasing Managers’ Index, the service sector is experiencing growth. It showed that this sector has been increasing in activity for the past 47 months.

While the service sector is expanding, the travel and leisure sector fell. New businesses rose significantly in the past month as well.

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Brexit Hits Irish Stock Market

Many of Ireland’s largest companies are seeing downgraded stock ratings as recent analysts are predicting lower earnings as a result of the Brexit.

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Irish Business Sectors Consider how Brexit will Affect Trade

The business sector in Ireland is preparing for the blows that the economy will face after hearing the results of the Brexit vote.

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JCD Group Bringing Over 150 Jobs to Cork

New construction for a commercial property company is expected to create 150 jobs for Cork as they are looking for employees to run the new data center.

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Argos Reports Rise in Sales

Argos total sales have risen by 2.6% in the past 13 weeks due to the rise in online sales.

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Manufacturing growth reaches 8 month high for the month of March

According to the latest Purchasing Managers’ Index, growth in Manufacturing rose to an eight month high in March. Expansion has slowed compared to

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Both Ireland and Northern Ireland’s economies would benefit financially if reunified

    Both Ireland and Northern Ireland’s economies would benefit financially if reunified

Political and economic reunification of both the North and South of Ireland could potentially deliver a €35.6bn boost in GDP

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Irish economic growth tops euro zone again

    Irish economic growth tops euro zone again

New preliminary figures from the Central Statistics Office show that GDP increased by 7.8% for the whole of 2015. This

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MyHome.ie predicts house price growth of 5% for 2016

Property website MyHome.ie has predicted another year of “robust” house price growth this year on the back of rising incomes

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Irish salaries to rise in 2016

    Irish salaries to rise in 2016

According to a survey by consultant company, Mercer, salaries in Ireland are forecast to rise by over 2% in 2016.

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ESRI predicts growth close to 5% in 2016

    ESRI predicts growth close to 5% in 2016

The Economic and Social Research Institute (ESRI) has forecast that the economy will grow by 6.7% this year and close

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Ibec increases its projections for Irish economy

    Ibec increases its projections for Irish economy

Business group Ibec has improved its GDP forecast for the Irish economy this year, and now expects it to grow

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Forecast predicts 6% growth in Irish economy

    Forecast predicts 6% growth in Irish economy

The Irish economy is expected to grow by almost 6% this year, according to a new forecast. The EY Economic

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OPEC set to maintain oil output levels

    OPEC set to maintain oil output levels

OPEC appeared unlikely to cut oil production to lift languishing prices at a meeting in Vienna on Friday, potentially worsening

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IEDR: Only 35% of Irish SMEs can process sales online

    IEDR: Only 35% of Irish SMEs can process sales online

Irish shoppers are expected to spend €100 million (or €4 million an hour) on Black Friday, but only 35% of

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CPL Resources to create 200 new jobs

    CPL Resources to create 200 new jobs

Recruitment company CPL Resources announced the creation of 200 skilled, operational roles across the Group’s extensive branch network in the

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Credit Suisse plans for major trading floor in Dublin

Swiss bank, Credit Suisse, is on course to become the first international bank to set up a major trading floor in

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Scottish innovation and investment hub in Dublin to increase trade

Today Fiona Hyslop, the Scottish Cabinet Secretary for Culture, Europe and External Affairs announced the appointment of John Webster to the new

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Bank of Ireland approves €3.6bn of new SME loans

Bank of Ireland said it approved €3.6bn of new credit for Irish business in the nine months to the end

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Record 17 percent increase in sales at Kildare Village

Sales at Kildare Village are at a record high as they increased by 17.7 percent in the year to date

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Strategic Banking Corporation of Ireland makes €50m available to SMEs

The Strategic Banking Corporation of Ireland (SBCI) is to make lending of €50m available to small and medium-sized businesses looking

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Business Angels reach €50m milestone with Connexicon Medical’s €1.15M investment

HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland responsible for the all-island promotion of business angel investment, today announces

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Billion dollar aircraft leasing industry paid €23m in corporation tax in 2014

Aircraft leasing is a multi-billion euro industry yet it paid €23m in Irish corporation tax last year. Ireland is home

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Philip Lane appointed new Central Bank Governor

Philip Lane, an economics professor at Trinity College Dublin, has been named as the new Governor of the Central Bank.

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Budget package of tax cuts and spending hikes now set to be €3bn

    Budget package of tax cuts and spending hikes now set to be €3bn

In a note circulated this morning Conall MacCoille said the just-published White Paper on Estimates of Receipts and Expenditure showed

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