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Construction index hits four-month high

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 […]

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Festive cheer: Record Christmas for grocery stores

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% […]

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Black Friday a ‘double-edged sword’ for Irish retailers

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 […]

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Construction industry expects to ‘go green’

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. […]

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Retail Sales volume increased by 6.5% in July 2018

Seasonally adjusted, the volume of retail sales increased by 6.5% in the month of July, with an annual increase of 5.5%. If Motor Trades are excluded, there was a decrease of 0.5% in the volume of retail sales in July 2018 when compared with June 2018 and there was an increase of 2.9% in the annual […]

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Irish economy in post-recovery stage – Ibec

The economy is in a strong position and has moved into a post-recovery stage, with households clearly benefiting from rising incomes – according to the latest quarterly economic outlook from business group Ibec. It forecasts growth of 5.7% this year and a buoyant consumer economy growing by 2.9% in volume terms. It added there is […]

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Heatwave Boosts Second-Quarter Retail Sales In Ireland

Buoyed by a long spell of fine weather, sales in the Irish retail sector grew by 3.4% in the second quarter of 2018, according to a new report from Retail Ireland, the Ibec group that represents the sector. In its latest Retail Monitor, published today (see attached), the group said sales in the first half […]

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Ireland Consumer Confidence increased to 107.6

Ireland Consumer Confidence was reported at 107.6 in July from 102.1 in the previous period. It was expected at 101.5. Consumer Confidence in Ireland increased to 107.60 Index Points in July from 102.10 Index Points in June of 2018. Consumer Confidence in Ireland averaged 87.92 Index Points from 1996 until 2018, reaching an all time […]

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Retail Group Calls For Tax Fairness For Retailers In Budget 2019

Retail Excellence is today (4 July) calling for targeted solutions for retailers in Budget 2019. “In an increasingly boundary-less retail environment the representative body are seeking additional online supports and tax fairness measures to protect retailers from the onslaught of cheap, non-European imports,” the retail organisation said in a statement. “Despite record numbers back at […]

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Retail Sales volume increased by 1.5% in April 2018

Seasonally adjusted, the volume of retail sales increased by 1.5% in the month of April, with an annual increase of 4.8%. If Motor Trades are excluded, there was an increase of 1.0% in the volume of retail sales in April 2018 when compared with March 2018 and there was an increase of 3.8% in the annual […]