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Euro zone inflation ticked up slightly in January to 2.5%, edging higher for a fourth consecutive month driven by energy price increases, official data shows. Consumer prices were up from 2.4% in December 2024, slightly disappointing analysts’ expectations. Financial data firm FactSet had predicted the rate would not move. Inflation reached its lowest level in […]
Read More… from Euro zone inflation edges up in January to 2.5%
The manufacturing sector returned to growth in January thanks to fresh impetus in output and new orders, as confidence levels among firms remained close to December’s 15-month high, a survey shows today. AIB’s Manufacturing PMI rose to 51.3 last month from 49.1 in December, crossing the 50 mark that separates growth from contraction for just […]
Read More… from Buoyant manufacturing firms return to growth, PMI shows
The euro zone economy stagnated last quarter as worried consumers zipped up their purses, adding to fears that a long-predicted recovery could be further delayed, Eurostat data showed today. Gross domestic product in the 20 nations sharing the euro was unchanged compared with the previous quarter, falling short of expectations for a 0.1% expansion in […]
Read More… from Euro zone economy stagnated in last quarter, foreshadowing weak 2025
Gold prices rose to hit a lifetime high today, sparked by safe-haven demand due to US tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve’s policy path. Spot gold was up 1.3% at $2,794.69 per ounce, as of 1752 GMT, hitting its record high level at […]
Read More… from Gold hits record high on safe-haven demand amid tariff threats
Bank of Ireland has increased its growth forecast for the domestic economy for this year. It said modified domestic demand will expand by 4% compared to an earlier projection of 3%. It has forecast that employment will grow by 2.2% and Gross Domestic Product (GDP), which includes multinational activity, will grow by 4.3% The bank […]
Read More… from Bank of Ireland increases growth forecast for domestic economy for 2025
Over 80% of Irish consumers were targeted by scammers last year, new data shows. The research carried out by international money app Wise, reveals that almost half of consumers were targeted in the last three months of 2024 alone. This comes as the Irish Government has proposed new legislation, recommending measures such as the publication […]
Read More… from Over 80% of consumers targeted by scammers last year
Mortgage drawdowns by first-time buyers (FTB) hit the highest level since 2007 last year, new figures show. The data from Banking and Payments Federation Ireland reveals that over 26,000 mortgages were drawn down by this group in 2024, worth €7.8 billion. In total, 40,030 mortgages were drawn down last year, valued at almost €12.6 billion. […]
Read More… from First-time buyer mortgage drawdowns hit highest level since 2007
The European Central Bank is expected to cut interest rates by 0.25% when its governing council meets today. This will bring the main refinancing rate, which is used to price mortgages, from 3.15% to 2.9%. The bank has been steadily cutting rates as inflation has declined from its peak of 10.6% in 2022. If the […]
Read More… from European Central Bank expected to cut interest rates by 0.25%
Spain’s economy expanded a stronger-than-expected 3.2% in 2024, by far outperforming its euro zone peers’ sputtering economies, preliminary data from the National Statistics Institute showed today. Economy Minister Carlos Cuerpo said on Monday the government would raise its forecast for this year above the 2.4% following the release of the annual data, which was buoyed […]
Read More… from Spain’s economy outperforms euro zone in 2024 with 3.2% growth
A preliminary estimate from the Central Statistics Office today shows that gross domestic product (GDP) contracted by 1.3% in the fourth quarter of 2024 from the previous three months, but was 6.3% higher than the same quarter the previous year. The Government has long cautioned against using GDP to accurately measure economic growth as it […]
Read More… from GDP falls by 1.3% in fourth quarter, CSO preliminary estimate shows
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