Business News

Manufacturing production down 9% in June – CSO

8th August 2019

Manufacturing production down 9% in June – CSO Production in the manufacturing industry dropped by 9% in June compared to May 2019, according to the latest Central Statistics Office data. Annually, production for June was down 2.1% when compared with the same month last year. Seasonally adjusted volume of industrial production for the three months […]

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Markets braced for increased volatility as Brexit and US-China trade row ramps up

8th August 2019

Markets braced for increased volatility as Brexit and US-China trade row ramps up Traders are preparing for a period of increased market volatility in the coming weeks, as the Brexit deadline approaches and the US-China trade dispute heats up. Speaking on RTÉ’s Morning Ireland Neil Wilson, chief market analyst with Markets.com, said the potential disruption […]

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Business activity growth at 3 month low, according to AIB PMI survey

7th August 2019

Business activity growth at 3 month low, according to AIB PMI survey Business activity in Ireland’s service sector expanded at the slowest pace in three months during July, amid the first reduction in foreign demand since November 2016. According to the AIB Services Purchasing Managers Index survey, overall new order growth eased to a three […]

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Sterling hits 23-month low overnight

7th August 2019

Sterling hits 23-month low overnight The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather […]

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US officially designates China a ‘currency manipulator’ as trade war rages

7th August 2019

US officially designates China a ‘currency manipulator’ as trade war rages The United States has formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiralling trade war in just 24 hours. Washington’s sudden move came the day China allowed the yuan to fall below seven to the dollar […]

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Irish bond yield spreads amid no-deal Brexit worries

1st August 2019

Irish bond yield spreads amid no-deal Brexit worries Irish Government bond yield spreads over Germany have hit their widest in nearly two months, as chances rise of a no-deal Brexit that would cause particular damage to Ireland. Sterling has dropped to 28-month lows against the dollar and euro on growing worries that Britain will leave […]

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Eurozone growth halves in second quarter of 2019

1st August 2019

Eurozone growth halves in second quarter of 2019 Eurozone economic growth halved in the April-June period and inflation slowed sharply in July even though the unemployment rate fell to its lowest in 11 years, data from the European Union’s statistics office has shown. Eurostat’s preliminary flash estimate of gross domestic product growth in the 19 […]

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110,000 fewer jobs after no-deal Brexit – Central Bank

1st August 2019

110,000 fewer jobs after no-deal Brexit – Central Bank The Central Bank has warned of major job losses across the economy in the event of a no-deal Brexit. In its latest Quarterly Bulletin, the Central Bank forecasts 34,000 fewer jobs by the end of next year and 110,000 fewer jobs over the next ten years. […]

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NAMA seeking €125m for 80% stake in docklands development

30th July 2019

NAMA seeking €125m for 80% stake in docklands development NAMA is seeking bids of over €125 million for an 80% stake in the Poolbeg West Development in Dublin’s docklands. The asset management agency will retain an interest of a fifth in the development on 37 acres of land commonly referred to as the old Irish […]

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Grocery sales slow down slightly in early summer

30th July 2019

Grocery sales slow down slightly in early summer Grocery sales have slowed down slightly in the 12 weeks to 14 July compared to the same period last year, according to the latest Kantar figures. Overall sales are up 2.7%, compared with a 3.1% increase last year, which was thanks to a bumper summer featuring soaring […]

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