Uncategorized

The country’s largest private residential landlord, Irish Residential Properties REIT, saw its revenue increase by 4.9% in the first three months of the year, driven by additions to its portfolio and stable rent collections. In a trading update for the three months to the end of March, it said that occupancy levels at its properties…

Recruitment for a new four-day working week pilot programme has been launched today to coincide with International Workers’ Day. Companies and organisations of all sizes from every sector are encouraged to join the trial which will be based on the ‘100-80-100 model’ where workers get 100% of their pay, for 80% of the time, in…

Corporate property investment fell by 18% in the first quarter, as foreign investors paused their activity, new research has claimed. In total, €625m was invested in the Irish market during the initial three months of the year, with US investor interest in the market here easing. They injected €14.75m during between January and March, according…

The downturn across Ireland’s manufacturing sector deepened at the start of the second quarter of the year amid a sharper contraction in factory production and a sustained decline in new orders. According to the AIB Irish Manufacturing PMI for April, with the headline index falling to 48.6 from 49.7 in March and 51.3 in February.…

The International Monetary Fund has today urged European central banks to “kill the beast” of inflation by pursuing interest rate hikes. “You need to go and kill that beast” the IMF’s European department director Alfred Kammer told reporters in Stockholm. He said “history is littered” with examples of policymakers who pause rate hikes only to…

The volume and value of new mortgages drawn down in the first three months of this year fell by around a third, compared to the final three months of last year. According to new data from the Banking and Payments Federation Ireland, 10,908 new home loans worth €2.87 billion were issued by lenders. The BPFI…

The country’s gross domestic product fell by 2.7% on a quarterly basis in the first quarter of 2023 but stood 6.4% higher than a year ago, a preliminary estimate reading from the Central Statistics Office shows today. The Government has long cautioned against using GDP to accurately measure economic growth as it is routinely inflated…

Job vacancies fell 20% in the first three months of the year when compared to the same period in 2022, according to hiring platform IrishJobs. In comparison to the last three months of last year, the number of job ads was down 6%. Despite the apparent softening of the market though, the number of vacancies…

Revenue has today published its annual report for 2022, which it said reflected a year of strong performance with a record amount of tax and duty collected during the year. The 2022 publication is Revenue’s 100th annual report. Revenue collected total gross receipts of almost €118 billion last year, including €22 billion in non-Exchequer receipts…

Consumer sentiment has improved significantly this month as negativity about the economy and household finances subsided, new data has found.The Credit Union Consumer Sentiment Index rose to its best level in 13 months, reversing the 1.7-point decline seen between February and March.Author of the commentary, economist Austin Hughes, said the rise means a clear if…