Posts By: admin

Housing commencements rose by over 31% in Q1

Housing commencements rose by over 31% in Q1 New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year. The latest Housing Market Monitor, published today by Banking & Payments Federation Ireland, showed that 5,8000 housing commencements were registered… Read more »

Euro dips on Italian debt worries and trade tensions

Euro dips on Italian debt worries and trade tensions The euro dipped today as investors nervous about trade tensions bought into the safe-haven dollar and fretted that political risks in Europe remain high. This is despite the fact that pro-Europe parties won a majority of European parliamentary seats. Remarks by two euro zone officials that… Read more »

New €100 and €200 banknotes in circulation from today

New €100 and €200 banknotes in circulation from today The European Central Bank has said that new €100 and €200 banknotes will start circulating around the euro zone today. The new banknotes use new and innovative security features and are easy to check using the “feel, look and tilt” method. At the top of the… Read more »

Ibec backs introduction of carbon tax, short-term carbon budgets

Ibec backs introduction of carbon tax, short-term carbon budgets The largest organisation representing businesses here is backing the introduction of a rising carbon tax, as well as short-term carbon budgets that would restrict greenhouse gas emissions in particular sectors. Ibec has also called for changes to the planning system to facilitate a transition to a… Read more »

Average weekly earnings up by 3.4% in Q1 – CSO

Average weekly earnings up by 3.4% in Q1 – CSO New figures from the Central Statistics Office show that average weekly earnings stood at €769.98 in the first quarter of the year. This marked an increase of 3.4% from the figure of €744.76 the same time last year, preliminary estimates from the CSO’s Earnings and… Read more »

Euro zone May business growth weaker than expected – PMI

Euro zone May business growth weaker than expected – PMI Euro zone business growth accelerated a touch this month but not as much as expected, bogged down by a deepening contraction in the bloc’s manufacturing industry which is increasingly affecting service firms. Last month, European Central Bank President Mario Draghi raised the prospect of more… Read more »