Insurance, rent and water charges hit homes – but overall prices drop

THE cost of insurance and rents rose last month, with the introduction of water charges hitting costs household costs. But despite the sharp increases in these costs for households overall prices were muted in May. The Central Statistics Office (CSO) […]

Increase in factory output led by traditional sector

The run of positive indicators for the economy has continued, with official figures published yesterday showing another large increase in output from Irish factories in April. The CSO said that production rose in the month by 1.7% from March and […]

Jobless rate decline ‘will not match level of growth’

Unemployment may not fall as rapidly in the coming years as implied by the huge growth numbers in the economy, according to the Economic and Social Research Institute. The think-tank yesterday forecast very large growth rates and projected that the […]

ESRI: Negative equity ‘could be over’ by 2017

The number of households in negative equity is falling rapidly and could fall to zero as early as late 2017, such is the unexpected pace in house price rises, says the country’s leading think-tank. The Economic and Social Research Institute […]

Signs two-tier economic growth ending

More jobs are being created outside the Dublin region as the economic recovery broadens and finally spells an ending to the two-tier economy, according to two surveys published today. Utilities such as electricity and gas are hiring strongly, most sectors […]

EU heavyweights’ tax loopholes targeted

The EU stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing to hand […]

EU seeks to push ahead with capital markets union

Stakeholders across the EU are very supportive of the new capital markets union being proposed by the European Commission, which they say will unlock capital for business and unlock growth. As a result, the Commission is promising to move forward […]

Home debt crisis remains enormous, warn experts

Central Bank figures showing a slowdown in the numbers entering so-called early arrears fails to capture the huge scale of the home debt crisis, debt experts have said. The bank said yesterday that 104,693, or about one in seven of […]

Irish bonds and euro trade nervously

Volatility continued to hit the Irish bond market and the euro, as investors waited nervously for news on whether Greece and its creditors would fall short in negotiations over its repayments to the IMF. However, analysts said the euro was […]

Consumer sentiment stalls as recovery fails to boost spending

Ireland’s economic recovery is still not boosting consumers’ spending power, with rising accommodation costs and water charges among the elements weighing on confidence levels. The latest consumer confidence index — jointly published by KBC Bank Ireland and economic think-tank, the […]

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