Business News

Live Register sees another fall in January – CSO

7th February 2020

The number of people signing on the Live Register fell in January to the lowest level since the start of 2008, new figures from the Central Statistics Office show. The CSO said the Live Register fell by 1,300 in January to bring the seasonally adjusted total to 183,900.  On a seasonally adjusted basis, the number […]

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Record number of startups are formed here

7th February 2020

Almost 23,000 business startups were formed in Ireland last year, according to a report from company intelligence firm CRIF Vision-net. This is up 1.2pc on 2018, and is the highest number of startups over a 12-month period in CRIF’s 29-year history. Startups exceeded company closures by more than 10,400 in 2019. Firms operating in the […]

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Consumer sentiment climbs to six-month high

6th February 2020

Consumer sentiment hit a six-month high in January, buoyed by the reduced risk of a disorderly British exit from the European Union. But sentiment was still sharply lower in January than it was a year ago. Ireland has remained the European Union’s fastest growing economy during three years of Brexit talks, but consumer confidence faltered […]

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US trade deficit falls in 2019 for first time in 6 years

6th February 2020

The US trade deficit fell last year to $616.8 billion, the first time the gap has narrowed since 2013 as imports, particularly from China, declined more than exports, according to government data released today.  As President Donald Trump’s trade confrontations escalated in 2019, the total trade gap shrunk by nearly $10 billion as exports fell […]

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Economy off to strong start in 2020, services PMI shows

6th February 2020

The country’s services sector grew at the fastest pace in seven months in January, a new survey today showed. This was the second survey this week to suggest the euro zone’s fastest-growing economy made a strong start to the year.  A slowdown in manufacturing activity in Ireland threatened to spread to the services sector as […]

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Euro zone factories still struggling but green shoots emerging – PMI

5th February 2020

Euro zone factory activity contracted again in January but did so at its shallowest rate since mid-2019, according to a survey which suggested the worst may be over for the bloc’s battered manufacturing industry.  IHS Markit’s final manufacturing Purchasing Managers’ Index rose to a nine-month high of 47.9 in January. This was just above a […]

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Businesses experiencing significant skills shortage

5th February 2020

New research reveals that Irish businesses are experiencing the worst talent shortage since 2006, with three-quarters unable to fill vacant roles. The latest survey by the Manpower Group says the skills gap increased more than five times over the past decade, jumping from 5 per cent in 2009 to 27 per cent now. The survey […]

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Unemployment edges up in January – CSO

5th February 2020

The unemployment rate rose slightly in January, according to the Central Statistics Office, but continues to fall on an annual basis. The seasonally-adjusted rate stood at 4.8% last month – up 0.1 percentage points compared to December. However it is 0.3 percentage points lower than the rate recorded in January 2019. Last month the seasonally-adjusted […]

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Lending to households rises for third year in a row – Central Bank

4th February 2020

Lending to households grew for the third year in row last year, mainly on the back of growth in home mortgages, new figures from the Central Bank show today. The Central Bank said that household lending rose by 2.1%, or by €1.9 billion, in 2019. The annual growth rate in lending to buy a home […]

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Manufacturing grows for just second time in 8 months – PMI

4th February 2020

Manufacturing activity grew for just the second time in eight months in January amid greater certainty around Brexit and signs that a slowdown in euro zone economic activity may be bottoming out. Six years of unbroken manufacturing growth came to an end in June as a slowdown in global trade and uncertainty over Britain’s departure […]

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