Archive for April 2023

Growth in the country’s service sector slowed in March, according to the latest AIB Services Purchasing Managers’ Index (PMI). The data shows that the rates of increase in activity and new business moderated. The business activity index stood at 55.7, down from 58.2 in February. Readings above 50 indicate overall growth in activity. The Irish…

Retailers are being urged to apply to a €3.4m Government fund to enhance their online presence. In the latest round of the Online Retail Scheme, funded by the Department of Enterprise, Trade and Employment and administered by Enterprise Ireland, retailers can access up to €25,000 in grant funding to strengthen their ecommerce capabilities. Since 2018,…

Most people do not shop around for bank accounts or financial products like loans, a survey carried out by the Economic and Social Research Institute has found. The survey was based on a national sample of almost 3,000 consumers carried out by the ESRI’s Behavioural Research Unit. It was commissioned by the Department of Finance…

The number of international banks and investment firms operating in Ireland continues to grow, with 17 of the world’s top 20 global banks now located here. That is according to a new report by the Federation of International Banks in Ireland (FIBI) and Banking and Payments Federation Ireland (BPFI). FIBI is the representative body for…

Activity in the manufacturing sector weakened in March, as demand dropped, new figures show today. The latest Purchasing Managers Index from AIB shows that new orders and factory production fell. On a more positive note, price and supply pressures eased. The index dropped to 49.7, from 51.3 in February. Readings above 50 indicate overall growth…

New data from property listings website MyHome.ie has found that asking prices for homes fell by 0.3% in the first three months of the year when compared to the previous quarter. The drop marks the third consecutive quarter that advertised prices for homes around the country have fallen. Nationally, though, listed prices are still up…

Minister for Finance Michael McGrath has said changes to Ireland’s corporate tax rate will take effect from next January and described it as a “historic change” in the country’s corporate tax regime. Speaking on RTÉ’s This Week, he said it is one of two planned changes and arises from an international OECD agreement, which Ireland…