Businesses experiencing significant skills shortage
New research reveals that Irish businesses are experiencing the worst talent shortage since 2006, with three-quarters unable to fill vacant roles. The latest survey by the Manpower Group says the skills gap increased more than five times over the past decade, jumping from 5 per cent in 2009 to 27 per cent now. The survey […]
Unemployment edges up in January – CSO
The unemployment rate rose slightly in January, according to the Central Statistics Office, but continues to fall on an annual basis. The seasonally-adjusted rate stood at 4.8% last month – up 0.1 percentage points compared to December. However it is 0.3 percentage points lower than the rate recorded in January 2019. Last month the seasonally-adjusted […]
Lending to households rises for third year in a row – Central Bank
Lending to households grew for the third year in row last year, mainly on the back of growth in home mortgages, new figures from the Central Bank show today. The Central Bank said that household lending rose by 2.1%, or by €1.9 billion, in 2019. The annual growth rate in lending to buy a home […]
Household wealth soars by 80% since 2013 on rising property prices – CSO
Household wealth has recovered by over 80% since 2013, mainly due to the recovery in the property market. The finding is contained in the Household Finance and Consumption Survey published by the Central Statistics Office today. The survey also finds a wide disparity in wealth between the top 10% and bottom 10% of households. There are 1.8 […]
Euro zone GDP falls short of expectations, inflation picks up
Euro zone economic growth was slower than expected in the last three months of 2019, a first estimate showed today. Meanwhile, inflation in January picked up in line with expectations thanks to a jump in prices of food, alcohol and tobacco and energy. The European Union’s statistics office Eurostat said gross domestic product in the […]
Euro zone GDP falls short of expectations, inflation picks up
Euro zone economic growth was slower than expected in the last three months of 2019, a first estimate showed today. Meanwhile, inflation in January picked up in line with expectations thanks to a jump in prices of food, alcohol and tobacco and energy. The European Union’s statistics office Eurostat said gross domestic product in the […]
Nearly 140 governments agree to launch rewrite of international tax rules
Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organisation for Economic Cooperation said after talks this week in Paris. The rise of Amazon, Facebook and Google has strained existing rules to breaking point because big tech companies can book profits in […]
Nearly 140 governments agree to launch rewrite of international tax rules
Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organisation for Economic Cooperation said after talks this week in Paris. The rise of Amazon, Facebook and Google has strained existing rules to breaking point because big tech companies can book profits in […]
First time buyers continue to drive mortgage market
First time buyer activity continued to drive the mortgage market in the final three months of last year, new figures from the Banking & Payments Federation Ireland show. A total of 12,259 mortgages to the value of almost €2.77 billion were drawn down in the three months from October to December. This represented an increase […]
Stocks recover from coronavirus scares
European stock markets rebounded on Tuesday, having lost ground in recent sessions due to fears of the impact of China’s coronavirus outbreak. Banks and luxury goods companies led the recovery, while leisure and airline stocks also clawed back losses as investors took the view that the right steps were being taken to contain the illness. […]