Ibec, the group that represents Irish business, today published its new Q3 Quarterly Economic Outlook, which forecasts GDP growth of 4% in 2019. The Outlook says we are now at the top of the global business cycle, with Irish households clearly benefitting from strong growth. This growth dividend has increased real, after-tax household income in […]
Foreign Direct Investment in Ireland 2017, a thematic publication exploring the impact of FDI and globalisation, shows over 300,000 jobs are directly linked to foreign investment into Ireland. Despite a decrease of €54bn in the stock of Foreign Direct Investment into Ireland between 2016 and 2017, at €744bn (253% of GDP) investment still remains high […]
There was an annual increase in employment of 3.7% or 81,200 in the year to the first quarter of 2019, bringing total employment to 2,301,900. This compares with an annual increase of 2.3% or 50,500 in employment in the previous quarter and an increase of 2.9% or 62,400 in the year to Q1 2018. Summary […]
Construction activity rose sharply in April while purchasing inventory also ratcheted up as companies seek to avoid Brexit-related supply disruptions, according to a survey from Ulster Bank. The bank’s construction purchasing managers index (PMI) showed that business levels continue to rise underpinned by ongoing increases in the demand for construction work. But Brexit still weighed […]
The data from business and credit risk analyst, CRIF Vision-net, show an average of almost 71 new companies were formed every day in the first quarter of 2019, while the number of insolvencies remained consistent for the same period. In total, 6,413 new companies were formed in Ireland in the first quarter of 2019, the […]
The upgrade of the Luas Green line to a metro service will not be needed “for 20 years or so” the National Transport Authority (NTA) has said. The NTA has today confirmed the MetroLink line, which had been due to run from Swords to Sandyford, will terminate at Charlemont north of Ranelagh, where it meets […]
The construction industry is expanding rapidly, with commercial building leading the way, and although the pace of gains in house-building slowed slightly from November it is at levels seen before the crash, according to Ulster Bank’s Construction Purchasing Managers’ Index (PMI). The overall index hit 56.3 in December, up from 55.5 in November, a four-month […]
Irish consumers spent €995m on groceries in December Shoppers spent an average of €694 on groceries in December (€151 more than the typical month). Dunnes Stores – 23% Tesco – 22.3% Supervalu – 21.8% “Irish shoppers showed a willingness to splash out over the festive break,” “Branded and premium private label ranges grew by 3.8% […]
Black Friday and Cyber Monday will be a “double-edged sword” for Irish retailers with margin pressures incurred from major discounting offsetting the spike in business, a retail expert has said. Thomas Burke of Ibec trade body Retail Ireland says that with 70% of digital purchases in Ireland going to firms outside the country, retailers were […]
The results from the World Green Building Trends 2018 report has revealed that 47% of those surveyed expect the majority of their projects, 60%, to be environmentally friendly by 2021. The report, published by Dodge Data and Analytics, shows that the international market for green construction projects has grown significantly in the last ten years. […]
