Posts By: admin

WTO members warn on post-Brexit market access

World Trade Organization members have demanded compromises from the EU and Britain to ensure foreign businesses do not lose market access in post-Brexit trade.   At a meeting of the WTO’s Goods Council, 15 countries – including the US, India, Australia and Canada – raised concern over the so-called Tariff Rate Quotas (TRQs) that will… Read more »

Property prices see slowest growth in six years – CSO

Dublin residential property prices fell for the third month in a row in the year to September, the latest Central Statistics Office figures show today. Dublin residential property prices decreased by 1.3% in the year to September, with house prices falling by 1.5% and apartments slowing by 0.2%.  The CSO noted that the highest house… Read more »

Euro zone economy continues steady growth in third quarter

The euro zone economy continued to grow at a modest pace in the third quarter as expected, data from the EU statistics office showed today, as Germany narrowly escaped a technical recession and other big economies expanded.  Eurostat said gross domestic product in the 19 countries sharing the euro increased 0.2% quarter-on-quarter in the third… Read more »

Revenue says no surcharge on returns filed this week

Revenue has said that its online system ROS is back up and running after being offline for some time today. Revenue had earlier said in a statement that it was aware of further difficulties with the ROS system after it also experienced issues yesterday. “Revenue acknowledges the difficulties and frustration being experienced by taxpayers and agents who… Read more »

Macroeconomic Scoreboard shows just four breaches of EU thresholds – CSO

Ireland has breached EU limits on four key tests of economic stability, new figures from the Central Statistics Office show.  The Macroeconomic Scorecard, compiled by the CSO, is part of a system introduced by the European Commission during the financial crisis to flag imbalances in member state economies.  The number of breaches is down from… Read more »

German economy dodges recession with 0.1% expansion in Q3

The German economy escaped a recession in the third quarter as strong consumer spending helped output grow 0.1% quarter-on-quarter, defying expectations of a contraction, preliminary data showed today.  Gross domestic product in Europe’s largest economy expanded by 0.5% from July to September after a 0.3% expansion from April to June. This is according to seasonally adjusted… Read more »

September housing commencements up 28% on last year

The number of new homes which have commenced construction in September was 28% higher than in the same period last year. Figures published by the Department of Housing show that 26,106 Commencement Notices were recorded in September. The figure for the three Dublin local authorities was 8,714 (up 23%), while the Mid-East Region comprising counties Meath,… Read more »

Rent inflation slows to lowest level in six years

The rate of rental inflation dropped to its lowest level in six years in the third quarter of this year, the latest  report from property website shows.   Daft said that the average rent across the country rose by 5.2% – the smallest increase since the second quarter of 2013.  However the average monthly… Read more »

UK economy grows at slowest annual rate since 2010 in Q3

The UK economy grew at the slowest annual rate in nearly a decade in the three months to the end of September, as a global slowdown and Brexit worries hit business investment and manufacturing.  Year-on-year gross domestic product growth slowed to 1% from 1.3% in the second quarter, Britain’s Office for National Statistics said. This… Read more »

AA research shows big jump in the cost of running a home

The annual cost of owning and maintaining a family home has risen by over €1,000 a year, with the average homeowner now spending over €17,000 on their home.  This is according to the latest “Cost of Running a Home” analysis from AA Home Insurance. Research from the insurance intermediary has found that the cost of… Read more »