There were subdued business conditions across the Irish manufacturing sector, according to the latest AIB Manufacturing Index. December data showed a sustained reduction in new orders which contributed to the fastest decline in production volumes since June. At 49.1 in December, down from 49.9 in November, the seasonally adjusted index posted below the 50.0 no-change […]
Read More… from Sharpest decline in production volumes for six months
The number of new cars bought in 2024 was 121,195, according to the Society of the Irish Motor Industry. The figure represents a slight decrease of 1% compared to 2023. 17,459 new electric cars were registered last year, a decrease of 24% in the registrations seen the previous year. Petrol remained the most popular engine […]
European stocks recorded their worst quarterly showing in more than two years today, as uncertainty around interest rates and the Trump administration’s policies halted a rally that had pushed several markets to record highs this year. The pan-European STOXX 600 added 0.6% on the final trading session of the year, but clocked a quarterly decline […]
Read More… from European stocks clock worst quarterly showing since 2022
House prices nationally rose by an average of 9% during 2024, according to the latest house price report by Daft.ie. The typical listed price nationwide in the final quarter of 2024 was €332,109, 1.4% higher than in the third quarter of the year and 30% higher than at the onset of the pandemic. Prices rose […]
Consumer prices rose by 1% in the year to December, double the rate of 0.5% recorded in November, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office showed today. December HICP growth was the highest since August, when it reached 1.1%. Today’s CSO estimates show that energy prices […]
Read More… from Annual inflation doubles to 1% in December, flash estimate shows
Black Friday sales are an established part of the Irish retail calendar, as demonstrated by a Bank of Ireland report which shows spending by its customers on the day was up 6.8% on last year. Overall spending in the month of November was up 5.6% compared to the same month in 2023. The report found […]
Read More… from Spending by BOI customers up 6.8% on Black Friday
Property prices are continuing to increase and are up 9.7% in the 12 months to October, according to the latest figures from the Central Statistics Office. Prices in Dublin were up 10.4%. while the cost of buying a home outside the capital rose 9.2%. The figures come a week after the Economic and Social Research […]
Read More… from Residential property prices up 9.7% in October – CSO
The US Federal Reserve has cut interest rates, as expected, but Fed Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation. His latest remarks showed that policymakers are starting to reckon with the prospects for sweeping economic changes under a Trump administration. Powell’s explicit – […]
Read More… from Fed cuts rates but sees slower pace of further reductions
New figures from the Central Statistics Office show an annual decrease of 10.9% in the total number of dwelling units approved in the third quarter of this year, with the number falling to 8,611 units from 9,662 units the same time last year. The CSO said that houses accounted for 61% of all homes granted […]
Read More… from Planning permissions down 10.9% in third quarter – CSO
Holyhead Port is to remain closed until 15 January at the earliest, it has been announced. All ferry services between Dublin and Holyhead are cancelled until this time. In a statement, the port said the closure follows damage to the Terminal 3 berth on 6 December, during Storm Darragh. It acknowledged that the closure of […]
Read More… from Holyhead Port to stay closed until 15 January ‘at the earliest’
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