Posts Categorized: Syndicated News

Euro zone April inflation confirmed at 1.7%

Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and… Read more »

EU goods surplus with US eases, deficit with China widens

EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January… Read more »

Mild weather so far this year boosts Irish retailers

Mild weather so far this year boosts Irish retailers A new report shows that the value of retail sales rose by 4.7% in the first quarter of the year, boosted by a mild winter and early spring weather. The Retail Monitor, from Retail Ireland – the Ibec group that represents the sector – said there… Read more »

Fee increases will be critical for Irish banks – S&P

Fee increases will be critical for Irish banks – S&P Increasing fees and commissions will be critical for Irish banks in the coming years, in order to offset pressure on the difference between the amount of interest they earn versus what they pay out to those lending them money. That’s according to ratings agency S&P… Read more »

Euro zone economy accelerates in Q1 as Germany rebounds

Euro zone economy accelerates in Q1 as Germany rebounds The euro zone economy accelerated quarter-on-quarter in the first three months of the year, the EU’s statistics office confirmed today. This was thanks to a rebound in the biggest economy Germany and the end of a technical recession in Italy. Eurostat said the economy of the… Read more »

Almost €4.5m stolen in invoice redirect fraud this year

Almost €4.5m stolen in invoice redirect fraud this year Almost €4.5m has been stolen in invoice redirect frauds since the start of the year, according to gardaí. More than €2m has been stolen in the last month alone, they sad. Under the fraud criminals send emails to businesses purporting to be one of their legitimate… Read more »

Construction activity growth quickens in April despite Brexit concerns

Construction activity growth quickens in April despite Brexit concerns Construction activity rose sharply last month with April marking the 68th consecutive month of stronger construction activity in Ireland. The Ulster Bank Construction Purchasing Managers’ Index – which tracks changes in total construction activity – rose to 56.6 in April up from 55.9 in March. Ulster… Read more »

Number of homes to rent ‘at lowest level since 2006’

Number of homes to rent ‘at lowest level since 2006’ The number of homes to rent has reached its lowest level since 2006. According to the latest quarterly rental report from Daft.ie just 2,700 homes were available to rent nationwide on 1 May this year. The shortage of supply has pushed up average rents across… Read more »