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Irish consumer sentiment hits seventeen year high

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 […]

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Ireland is world’s eighth-most ‘inclusive’ advanced economy

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 […]

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UK retail sales slide in December after Black Friday boost

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 […]

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Monthly unemployment rate of 6.2% December 2017

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 […]

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Irish shoppers spent an extra €90m on groceries over the festive period

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 […]

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Residential property prices rise by 11.6% in the year to November

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 […]

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Euro zone economic confidence surges to almost 17-year high

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 […]

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Budget 2018

Budget 2018 – Key Points Minister for Finance Paschal Donohue delivered the Budget 2018 speech this afternoon, with the announcement of additional revenues of €830 million to bring the total package of new spending and tax cuts to €1.2 billion. €898 million of this will be allocated to spending and there will be tax reductions […]

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Irish consumer sentiment improves to eighteen month high

Consumer Sentiment Index Irish Economy Modest monthly increase sufficient to boost confidence to best level since February 2016 Encouraging signs in September reading but no evidence of widespread ‘feel-good’ factor Improved outlook on household finances the key driver of monthly gain Repayment of water charges and increased purchasing power because of stronger Euro likely contributors […]

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Retail Sales Volume decreased by 4.2% in August 2017

Seasonally adjusted, the volume of retail sales decreased by 4.2% in the month of August, with an annual increase of 4.7%. If Motor Trades are excluded, there was an increase of 0.2% in the volume of retail sales in August 2017 when compared with July 2017 and there was an increase of 6.7% in the annual […]