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Davy upgrades GDP growth forecast for 2020 to 5.5%

Stockbrokers Davy have revised upwards their GDP growth forecast for 2020 to 5.5% from 4.1% previously. Davy said the upgrade came on the back of strong foreign direct investment, expansion in the multinational sector and an exceptional export performance. The new forecasts puts Davy well above official projections including the Central Bank’s estimate of 4.3% […]

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Construction grows again in Republic after three-month slowdown

Construction began growing again in December following a three-month slowdown in the Republic, the latest figures show. Ulster Bank’s construction purchasing managers’ index (PMI) shows that activity in commercial development and housebuilding increased last month, while work on public projects continued falling but at a slower pace than previously. The pick-up in two of the […]

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At a Glance: Office Market 2019 in Review

With 3 transactions in excess of 100,000 sq. ft. take-up reached an impressive 1.2m sq. ft. in Q4. This brings the year-end total to 3.29m sq. ft. across 204 transactions. Full report to follow.

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Retail sales show 1.4% annual rise in November

Retail sales rose 1.4% in November as shoppers prepared for Christmas, increasing their spending in supermarkets and on hardware. However, department stores took a hit as the value of retail sales feel by more than 9%, and the volume declined by 6.5% year-on-year. The motor trade also saw a decline of 0.5% on an annual […]

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Eason to relocate Cork store after selling premises to Ashley company

Books and stationery retailer Eason has sold its store on Patrick Street in Cork to a company connected with Sports Direct owner Mike Ashley, as part of a wider plan to relocate to a larger store in the city centre in 2021. Ownership of the store was held by Eason Holdings, which operates the retailer’s […]

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At a Glance: Investment Market Q4 2019

The strongest ever quarter for the Irish investment Market with total turnover for Q4 2019 reaching a staggering €3.76bn and total turnover for the 12 months of the year in excess of €7bn. To put the quarter in context it is higher than the entire annual turnover of the last cycle peak in 2006 of €3bn+ and […]