People count more than numbers

Ireland slips two places to fourth in world competitiveness rankings

Ireland has dropped two places from last year in a key measure of international competitiveness. The country was ranked fourth of 67 economies examined by the Institute of Management Development (IMD) World Competitiveness Yearbook 2024, down from second last year. However, when compared to countries in the eurozone, Ireland came out on top as the […]

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Increased labour needed to drive construction output

An increase in labour capacity in the construction sector may be needed if the number of houses that work has begun on this year are to be delivered. That is according to Banking and Payments Federation Ireland (BPFI) which says that between January and April, 30,138 units were commenced. That compares with 32,800 in the […]

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Irish prices second highest in EU last year

Prices paid by Irish consumers were the second highest in the EU last year, according to new official data. Irish prices were 42% higher than the EU average, according to Eurostat, just behind the 43% recorded in Denmark. Lowest price levels were registered in Bulgaria and Romania, the price comparison survey shows. The data also […]

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6.3 million foreign visitors came to Ireland last year – CSO

New figures from the Central Statistics Office show that 6.3 million foreign visitors departed Ireland on overseas routes in 2023. Overall, the visitors spent €7.3 billion on their trips. Of this €1.9 billion was spent on fares, €0.3 billion on prepayments – including car hire, pre-booked tickets and other non-accommodation items paid for in advance […]

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Retailers urged to prepare now for online Christmas shopping – An Post

Is it too early for Irish retailers to start preparing for Christmas? Not according to An Post. It has published its first eCommerce Index which shows that 95% of adults shopped online illustrating the potential for businesses to bolster and expand their ecommerce offering. The period from October to December, is known as the peak […]

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Oil prices stable as demand uncertainty persists

Oil prices were stable today, as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains. Benchmark Brent crude futures were down two cents to $84.23 per barrel this afternoon after climbing in the previous session. US West Texas Intermediate crude futures which also […]

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Dublin fourth most expensive city in Europe to build – survey

Dublin is the fourth most expensive city in Europe to build, a new survey shows today, while it also makes it into the top 25 most expensive places to build globally. The International Construction Market Survey 2024 Report, from global professional services company Turner & Townsend, shows that Switzerland remains the most expensive country to […]

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ECB set to cut rates in September and December – poll

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a significant majority of economists polled by Reuters who said the risks were skewed towards fewer rate cuts than expected. That outlook was broadly unchanged from a survey conducted before the ECB delivered its widely telegraphed […]

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Central Bank lowers growth forecast for domestic economy

The Central Bank has reduced its forecasts for economic growth this year. In its latest Quarterly Bulletin, the bank predicts that Modified Domestic Demand will expand by 2.1% in 2024, down from its forecast in March of 2.2%. It has also cut its forecast for Gross Domestic Product to 1.8%, down from its previous projection […]

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