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European car sales rise by 16% in April – ACEA
The number of new vehicles registered in April in the European Union, Britain and the European Free Trade Association (EFTA) grew by 16.1% to 964,932 units The number of new vehicles registered in April in the European Union, Britain and the European Free Trade Association (EFTA) grew by 16.1% to 964,932 units European new car…
Read MoreClimate mandate aims to phase out parking for some workers
Minister for the Environment and Climate Eamon Ryan will request Cabinet approval today for a plan to ensure public sector bodies lead by example on climate, and help reduce Ireland’s emissions by 51% by the year 2030. What is called the “Public Sector Climate Action Mandate 2023” envisages the phasing out of the use of…
Read MoreEU failing to police how big tech uses data – ICCL
Marking five years since the introduction of the General Data Protection Regulation (GDPR), the Irish Council for Civil Liberties (ICCL) has accused the EU of being unable to police how big tech firms handle data. GDPR came into force in May 2018 imposing strict rules on how companies and organisations process data. Because many of…
Read MoreOne in three can’t afford to retrofit their homes
One in three homeowners cannot afford to make their properties more energy-efficient, according to a survey by property advisor, Savills Ireland. It also found that most homeowners do not know the Building Energy Rating or BER of their home. According to Savills, the cost of retrofitting a home can easily run into tens of thousands…
Read MoreFuel prices fall again in May ahead of June excise duty increase – AA Ireland
Fuel prices have fallen again slightly but are set to increase by six cents per litre for petrol and five cents per litre for diesel on June 1. The latest AA Ireland fuel prices survey for May shows the average petrol price across the state is €1.57, the lowest since September 2021. Diesel prices saw…
Read MoreConstruction sector activity shrinks for seventh month in a row
Activity in the construction sector contracted more sharply in April than in the previous month as the industry continues to struggle. The BNP Paribas Real Estate Ireland Construction PMI found a slowdown in new orders, as well as in employment and input buying. It was the seventh successive reduction in total activity in the sector…
Read MoreRate of rise in market rents slowed in first quarter – Daft.ie
The rate of increase in advertised rents slowed during the first three months of the year, rising just 1% compared to the previous quarter. Latest data from the property listings website Daft.ie shows average market rent stood at €1,750 per month during the period. The report’s author, economist Dr Ronan Lyons, said the upward pressure…
Read MoreBarriers remain for young people finding employment
The shortage of housing and a lack of transport options are among a range of barriers preventing young people from finding jobs and entering the labour market, a conference has heard today. The ESRI hosted a conference today on youth employment and highlighted other barriers such as substance use, homelessness, education, mental health and physical…
Read MoreYounger people more likely to invest in cryptocurrency – BPFI
Generational differences in investment behaviour among consumers in Ireland has been highlighted in a survey by Banking & Payments Federation Ireland. It found that younger people more likely to invest in cryptocurrencies and invest online, and under 35s are more likely to seek information about investments through informal channels such social media or friends and…
Read MoreInflation rate falls to 7.2% in April from 7.7% in March – CSO
New figures from the Central Statistics Office show that inflation fell to 7.2% in the 12 months to April, down from 7.7% in March. This marked its lowest level in a year. The CSO said the most significant increases in the year were seen in the costs of Housing, Water, Electricity, Gas and Other Fuels…
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