Archive for November 2019

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…

Activity in the construction sector fell at the sharpest rate since June 2013, according to the latest Ulster Bank Purchasing Managers Index. Activity in the construction sector fell at the sharpest rate since June 2013, according to the latest Ulster Bank Purchasing Managers Index. The index, which tracks changes in total construction activity, fell to…

Energy costs here fell by 4% in October, driven by weaker oil prices the latest Bord Gáis Energy Index has found. Oil fell by 3% over the period because of lower demand caused by the weakening global economy and despite the attack on Saudi oil infrastructure in the middle of September. Because oil makes up…

Revenue is writing to 130,000 PAYE taxpayers who have paid tax but have not claimed any additional tax credits or reliefs in the last five years, to remind them that there is a four-year time limit for claiming a refund of tax. Revenue has issued letters over the last few years to assist taxpayers in…

Corporate insolvencies fell by a fifth between July and the end of September when compared to the same period last year. Corporate insolvencies fell by a fifth between July and the end of September when compared to the same period last year. That’s according to new data from Deloitte, which says the steady trend of…

The man responsible for leading the supervision of banks across Europe has said success in making lenders safer and sounder hinges on completing the banking union, particularly a European wide deposit protection scheme.  The man responsible for leading the supervision of banks across Europe has said success in making lenders safer and sounder hinges on…

Euro zone retail sales accelerated more than expected year-on-year in September, data from the European Union’s statistics office showed today, pointing to sustained domestic demand in Europe.  Eurostst said retail sales in the 19 countries sharing the euro rose 0.1% month-on-month for a 3.1% year-on-year gain, up from 2.7% in August.  Economists polled by Reuters…

The UK’s importance as a trading partner for Ireland has declined significantly, according to research carried out by HSBC Bank. As part of its Navigator survey, the bank spoke to 9,000 companies in 35 countries.  Just under half of Irish businesses considered the UK an important trading partner, down from 75% last year. Alan Duffy, CEO of…

Exchequer figures for the month of October show that Government tax revenues for the first ten months of the year running slightly ahead of target.  Total tax revenues stood at €44.973 billion at the end of October, which was €706m or 1.6% ahead of target.   Government spending stood at €43.224 billion. Compared to the…

Morale among investors in the euro zone jumped in November to its highest level since June on signs of an economic upswing in Asia and resilience in the US economy, a new survey showed today.  The Sentix research group said its investor sentiment index for the euro zone rose to -4.5 from -16.8 in October,…