Euro zone May business growth weaker than expected – PMI
Euro zone May business growth weaker than expected – PMI Euro zone business growth accelerated a touch this month but not as much as expected, bogged down by a deepening contraction in the bloc’s manufacturing industry which is increasingly affecting service firms. Last month, European Central Bank President Mario Draghi raised the prospect of more […]
Oil prices set for 2019’s biggest weekly loss
Oil prices set for 2019’s biggest weekly loss Oil rose towards $69 a barrel today after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns about an economic slowdown. US crude inventories rose to hit the highest since July 2017, suggesting ample supplies […]
Oil prices set for 2019’s biggest weekly loss
Oil prices set for 2019’s biggest weekly loss Oil rose towards $69 a barrel today after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns about an economic slowdown. US crude inventories rose to hit the highest since July 2017, suggesting ample supplies […]
More than €8 of every €10 spent by shoppers on cards is still instore
More than €8 of every €10 spent by shoppers on cards is still instore An analysis of €9 billion of retail credit and debit card transactions by AIB Bank found that 86 per cent of the purchases were made instore last year. The remaining 14 per cent occurred online, just a single percentage point increase […]
More than €8 of every €10 spent by shoppers on cards is still instore
More than €8 of every €10 spent by shoppers on cards is still instore An analysis of €9 billion of retail credit and debit card transactions by AIB Bank found that 86 per cent of the purchases were made instore last year. The remaining 14 per cent occurred online, just a single percentage point increase […]
Euro zone April inflation confirmed at 1.7%
Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and […]
EU goods surplus with US eases, deficit with China widens
EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January […]
EU fines five major banks for currency collusion
EU fines five major banks for currency collusion The European Commission has today fined Barclays, Citigroup, JP Morgan, Japan’s MUFG and Royal Bank of Scotland a combined €1.07 billion for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in fines worldwide over the last decade for the rigging […]
New home completions up by 23% in first quarter – CSO
New home completions up by 23% in first quarter – CSO The number of new homes built in the first quarter of this year rose by 23.2%, the latest figures from the Central Statistics Office show. The CSO said a total of 4,275 new dwellings were finished in the first three months of the year, […]
Mild weather so far this year boosts Irish retailers
Mild weather so far this year boosts Irish retailers A new report shows that the value of retail sales rose by 4.7% in the first quarter of the year, boosted by a mild winter and early spring weather. The Retail Monitor, from Retail Ireland – the Ibec group that represents the sector – said there […]