Archive for July 2025

The level of home building slipped for the second successive month in June, according to AIB’s latest Construction PMI report. AIB’s Ireland Construction Total Activity Index also posted below the 50 no-change mark for the second month in a row in June – falling to 48.6 in June from a reading of 49.2 in May.…

Asking prices for houses and apartments are rising at 7% annually, according to the latest quarterly report by property website MyHome.ie in conjunction with Bank of Ireland. The report said asking prices outside Dublin are rising by 7.9% and prices in the capital are up 5.1%. According to the report, the average mortgage approved in…

Tánaiste Simon Harris has said the coming hours will be crucial ahead of Wednesday’s deadline for the end of the US “pause” on higher tariff rates. Mr Harris will spend much of the day engaging with officials and the EU Trade Commissioner as a final push is made to find a way forward between the…

Investor sentiment in the euro zone improved more than expected in July to hit its highest level in more than three years, a survey showed today, as the bloc’s economic recovery broadened. The Sentix index for the euro zone rose to 4.5 from 0.2 in June, beating the 1.1 forecast from analysts polled by Reuters…

The amount of money collected in tax in the first half of the year rose almost 7% to €47.7bn compare to the same period last year reflecting strong economic growth despite concerns about the impact of US tariffs. Most major categories of taxation are performing ahead of or in line with expectations so far in…

60% of US multinationals that are members of the American Chamber of Commerce Ireland plan to increase employee numbers here over the next year. The findings of a new survey carried out by the American Chamber also show that a further 32.5% of US companies say they will maintain their current workforce levels. Ahead of…

There has been no immediate breakthrough in the EU-US trade negotiations, according to the EU’s trade commissioner Maroš Šefčovič, while Donald Trump plans to start sending letters informing trading partners of their tariff rates as soon as today. In a message posted on social media, Mr Šefčovič said he was returning to Brussels after talks…

The US dollar has continued to weaken against the euro this week, presenting extra challenges for exporting firms. Having strengthened in the immediate aftermath of Donald Trump’s election victory last year, the dollar has steadily slipped against the euro since the start of 2025. Compared to mid-January, the euro is currently up almost 15% against…

The Restaurants Association of Ireland is warning of further closures and job losses if the VAT rate for food-led hospitality businesses is not reduced. The RAI said it is “essential” that the Government reinstates the 9% VAT rate, which is currently at 13.5%. The Government has pledged to reduce the rate. In its pre-budget submission,…

A new ‘likely scam’ label will from today be added to text messages that users receive from companies or organisations that have not yet registered with the Commission for Communications Regulation (ComReg), in a bid to protect mobile users from falling victim to scams. Any organisations that fail to register with ComReg will have any…