June marked the sharpest decline in activity in the manufacturing sector in eleven months, according to the latest Purchasing Managers’ Index published by AIB. The headline index fell to 47.4 in June from 49.8 May. Any measure below the 50 breakeven point signals contraction in a sector. The downturn was driven by a contraction in […]
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New research commissioned by life insurance and pensions firm Royal London Ireland has found that 67% of Irish people say that it is more difficult than ever to buy their first home. The research also shows that 27% agree that while it is difficult to get on the property ladder, this has always been the […]
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New figures from Banking and Payments Federation Ireland show there was a fall in the number of mortgages approved by Ireland’s main banks in May compared to the same time last year. That was driven by a more than 10% fall in approvals for first time buyers, although BPFI said that was in part due […]
Irish household savings rose by €1.1 billion in May when compared to April, according to data published by the European Central Bank. The increase comes on the back of a €140m dip in savings levels in April, and brings total household deposits to €155.6 billion. “The really important piece of context here which makes all […]
Read More… from Irish household deposits rose by €1.1bn in May
The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut. The latest index shows that after months of weak data, the pick up in June has been big enough to undo half of the declines that had been […]
New figures from Banking and Payments Federation Ireland show there was a fall in the number of mortgages approved by Ireland’s main banks in May compared to the same time last year. That was driven by a more than 10% fall in approvals for first time buyers, although BPFI said that was in part due […]
Read More… from Fall in number of mortgages approved in May – BPFI
The number of insolvencies here was 25% higher in the first six months of the year than it was in the same period of 2023, according to two new reports. However, when compared to the first three months of the year, the number of insolvencies between April and June is down 15%. According to data […]
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New figures from estate agent Sherry FitzGerald show that the average value of second-hand homes in Ireland saw a 1.8% increase in the second quarter of 2023. Sherry FitzGerald said this contributed to an overall 5.5% increase over the past 12 months, an increase from the 3.4% annual growth rate recorded the same time last […]
Workers in Ireland should see their incomes rise in real terms both this year and next, due to falling inflation and ongoing increases in wages. The Economic and Social Research Institute is forecasting that on average earnings should rise by more than 4% this year and closer to 5% next year. But this will be […]
Minister for Finance Michael McGrath has been nominated as Ireland’s next European Commissioner. The move was agreed by Government party leaders last night before being formally approved by a meeting of the Cabinet this morning, when Taoiseach Simon Harris presented the nomination to the Government. Mr McGrath has thanked his Cabinet colleagues, saying it was […]
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