Archive for June 2025
IDA says Ireland losing out due to high cost of energy
IDA Ireland said Ireland was losing ground to other EU countries and the US because of the high cost of energy. In a series of briefings for the Government, the investment agency said strong security of power supply was “imperative” for enticing companies into Ireland. It said the operating environment for foreign direct investment was…
Read MoreNew car registrations down 8.8% in May, but EVs up 5.3% – SIMI
New figures from the Society of the Irish Motor Industry show that while new car registrations overall slowed in May, the number of new electric car registrations increased. The SIMI figures show that new car registrations for May were down 8.8% to 5,832 from 6,398 the same month last year. However, registrations so far this…
Read MoreEuro zone inflation eases below ECB target, supporting rate cut bets
Euro zone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term price pressures. Consumer price inflation in the 20 countries sharing the euro slowed to 1.9% in May from 2.2% a month earlier, below expectations for…
Read MoreIbec calls for increased public investment in research and innovation
Business group Ibec has warned that Ireland’s current public investment model for research and innovation does not match the country’s ambition to become a European Innovation Leader. In a new report published as part of its Business Ambition campaign, Ibec said Ireland must increase public investment in research and innovation to 1% of Gross National…
Read MoreOECD cuts global 2025 growth forecast to 2.9% over tariffs
The OECD has slashed its annual global growth forecast today, warning that US President Donald Trump’s tariffs blitz will stifle the world economy – hitting the US especially hard. After 3.3% growth last year, the world economy is now expected to expand by a “modest” 2.9% in 2025 and 2026, the Paris-based Organisation for Economic…
Read MoreManufacturing growth continues despite export challenges, PMI shows
The country’s manufacturing sector grew at a solid pace in May as strong domestic demand offset a second successive monthly decline in export orders due to subdued sales into the US and Britain, a new survey showed today. AIB’s Manufacturing PMI fell slightly to 52.6 from April’s 53, but was above the 50 threshold indicating…
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