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Motor insurance costs rose slightly in first half of 2023
Average motor insurance premiums rose marginally in the first half of last year, compared to the year before, new data from the Central Bank has shown. Premiums increased by 0.5% to €561 during the period after a decreasing trend that had been seen since the second half of 2017. However, the small increase in premiums…
Read MoreAnnual inflation slows to three-year low of 1.5% – flash CSO data
The annual rate of inflation rose at the slowest rate in more than three years in June, increasing by 1.5% year-on-year compared to a rate of 2% in May, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office today. Irish HICP had fallen to 1.6% in April from…
Read More67% of people say buying first home more challenging than ever
New research commissioned by life insurance and pensions firm Royal London Ireland has found that 67% of Irish people say that it is more difficult than ever to buy their first home. The research also shows that 27% agree that while it is difficult to get on the property ladder, this has always been the…
Read MoreFall in number of mortgages approved in May
New figures from Banking and Payments Federation Ireland show there was a fall in the number of mortgages approved by Ireland’s main banks in May compared to the same time last year. That was driven by a more than 10% fall in approvals for first time buyers, although BPFI said that was in part due…
Read MoreSharpest fall in manufacturing activity in almost a year
June marked the sharpest decline in activity in the manufacturing sector in eleven months, according to the latest Purchasing Managers’ Index published by AIB. The headline index fell to 47.4 in June from 49.8 May. Any measure below the 50 breakeven point signals contraction in a sector. The downturn was driven by a contraction in…
Read MoreStrong increase in June sentiment survey suggests Irish consumers sense brighter days ahead
The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut. The latest index shows that after months of weak data, the pick up in June has been big enough to undo half of the declines that had been…
Read MoreFall in number of mortgages approved in May – BPFI
New figures from Banking and Payments Federation Ireland show there was a fall in the number of mortgages approved by Ireland’s main banks in May compared to the same time last year. That was driven by a more than 10% fall in approvals for first time buyers, although BPFI said that was in part due…
Read MoreIrish household deposits rose by €1.1bn in May
Irish household savings rose by €1.1 billion in May when compared to April, according to data published by the European Central Bank. The increase comes on the back of a €140m dip in savings levels in April, and brings total household deposits to €155.6 billion. “The really important piece of context here which makes all…
Read MoreInsolvencies up 25% in first half of the year
The number of insolvencies here was 25% higher in the first six months of the year than it was in the same period of 2023, according to two new reports. However, when compared to the first three months of the year, the number of insolvencies between April and June is down 15%. According to data…
Read MoreAnnual second-hand home prices up by 5.5%
New figures from estate agent Sherry FitzGerald show that the average value of second-hand homes in Ireland saw a 1.8% increase in the second quarter of 2023. Sherry FitzGerald said this contributed to an overall 5.5% increase over the past 12 months, an increase from the 3.4% annual growth rate recorded the same time last…
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