Dublin’s new €3bn Metrolink was unveiled today with plans for 15 brand new stations. The project is expected to open in 2027 and will run from Sandyford to Swords. Traveling from the city centre to the airport is expected to take 20 minutes with the system carrying 15,000 passengers per hour in each direction. Stops […]
The economy grew by 7.8% of GDP last year, according to preliminary estimates from the Central Statistics Office, making it the European Union’s fastest-growing economy for the fourth year in a row. Measured by GNP, the economy grew by 6.6% in 2017, the CSO said. The CSO said that Modified Domestic Demand – a new […]
Construction firms expanded at a rapid pace in February, leading to strong job creation in the sector. The latest Ulster Bank construction PMI, a monthly report measuring sentiment and activity in the sector, posted a reading of 59.2 in February. This was down from the eight month high of 61.4 in January but still showed […]
The January reading for Irish consumer sentiment was the strongest reading since February 2001. We think three factors explain this exceptional result. First of all the Irish economy is still set on a strong trajectory and, thus far, has weathered Brexit and other global concerns better than had been feared. This has made consumers more confident about the general […]
Ireland is the world’s eighth-most “inclusive” advanced economy, based on a measure from the World Economic Forum (WEF), which looks beyond economic growth data to examine living standards, environmental sustainability and protection of future generations from indebtedness. The ranking marks an improvement on Ireland’s 12th place among 29 advanced economies in a previous report published […]
UK retail sales slid 1.5% in December from the previous month after consumers had brought forward their Christmas shopping, official data showed today. Retail sales in the UK had jumped by 1% in November, boosted by Black Friday price reductions, the Office for National Statistics said. Sales though climbed 1.4% in December compared with one […]
The seasonally adjusted unemployment rate for December 2017 was 6.2%, down from the revised rate of 6.4% in November 2017 and down from 7.5% in December 2016. The seasonally adjusted number of persons unemployed was 146,700 in December 2017, down from 149,900 when compared to the November 2017 figure and a decrease of 26,900 when compared […]
It is estimated that Irish shoppers spent an extra €90m on groceries over the festive period, according to the latest grocery market share figures from Kantar Worldpanel in Ireland, published today for the 12 weeks ending 31 December 2017. Among the retailers, Dunnes Stores remained the top Irish supermarket. The grocer captured a market share […]
In the year to November, residential property prices at national level increased by 11.6%. This compares with an increase of 11.8% in the year to October and an increase of 9.2% in the twelve months to November 2016. In Dublin, residential property prices increased by 11.3% in the year to November. Dublin house prices increased […]
Euro-area economic confidence surged to its highest in almost 17 years, reflecting an improved outlook for a region that not long ago was blighted by record joblessness and a double-dip recession. The index of industry and consumer sentiment rose to 114 in October from a revised 113.1 the previous month, the European Commission in Brussels […]
