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The number of new housing starts continued to slow last month, according to new figures from the Department of Housing. Commencement notices show 1,841 units began construction in October. That is down on the 2,211 figure for September and down 31% on October last year. The rolling 12-month commencement figure is now 26,608, which is…

The Government is expected to agree to cap the revenues of electricity generating companies which do not use gas. The Cabinet is also set to sign off on a plan to get firms producing fossil fuels to pay a solidarity contribution. After months of consideration, the Government will today finalise plans to tackle windfall gains…

The call comes as it is predicted as much as €26 million will be spent on shopping in upcoming Black Friday sales. New figures also show more than €45 million was stolen through frauds and scams in the second half of last year. Speaking to RTÉ’s Morning Ireland, Detective Chief Superintendent Patrick Lordan, of the…

Inflation continues to be greater for households on lower incomes, rural households and those headed by people over 65. This is largely because these households spend a greater proportion of their incomes on utilities, fuels and transport costs. It is these areas where prices have gone up the most. According to the latest Estimated Inflation…

There has been a marked deterioration in the outlook for the manufacturing sector over the coming months, a major survey of industry leaders conducted on behalf of Ibec concludes. Energy costs followed by supply chain issues and labour shortages were identified as the main challenges facing the industry. The proportion of survey respondents opting for…

Eurostat confirmed that inflation in the euro zone rose by 1.5% on a monthly basis to give a 10.6% annual increase This marked a revision from the 10.7% annual reading reported previously. Eurostat confirmed that inflation in the euro zone rose by 1.5% on a monthly basis to give a 10.6% annual increase This marked…

Revenue has warned shoppers to check whether the advertised price of online goods includes all tax and duty costs due before deciding to buy. It said where the price of the goods advertised seems attractively low, this may be because tax and duty costs are not reflected in the price advertised. Additional charges, including VAT…

High winds for weeks meant 45% of the country’s electricity last month came from wind, setting a new record. This meant wind was the biggest single contributor to Ireland’s power needs during the month. However, the unpredictable nature of the source was exposed with wind generating as much as three quarters of our needs on…

European new car registrations jumped in October, data from the region’s carmaker association showed today. The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew by 14.1% to 910,753 units, the European Automobile Manufacturers Association (ACEA) said. In the EU, the rise was 12.2%. Article Source…

Toll charges on most toll roads around the country are to increase to their “maximum level” from 1 January 2023. The price hikes are linked to the current rate of inflation, which has increased by 8.6% between August 2021 and August 2022. The tolls cannot be increased beyond this rate. There are 10 toll roads…