Uncategorized

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…

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…

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…

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…

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…

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…

More than two-thirds of job applications are rejected due to a lack of relevant skills, according to new research from hiring platform IrishJobs. The Recruiter & Jobseeker Survey gathered insights from 553 recruiters and 738 jobseekers in Ireland to identify changing attitudes and actions on hiring processes. The study showed that 78% of employers are…

A US federal appeals court has reinstated the most sweeping of President Donald Trump’s tariffs, a day after a trade court had ruled he had exceeded his authority in imposing the duties and had ordered an immediate block on them. The United States Court of Appeals for the Federal Circuit in Washington’s order provided no…

There were 2,922 first-time buyer (FTB) approvals valued at almost €1 billion (€965m) in April, according to the latest figures from the Banking and Payments Federation of Ireland’s Mortgage Approvals Report. The report shows the highest April FTB levels since the data series began in 2011. The number of mortgages approved rose by 4.7% month-on-month…

New figures from the Central Statistics Office show that the volume of retail sales rose by 1.1% in April compared to March, while retail sales were 3% higher on an annual basis compared to April 2024. Today’s CSO figures also reveal that the value of retail sales increased by 1.3% in April from March and…