ESRI in warning over corporation tax windfall levels
The ESRI has warned that any reduction in windfall levels of corporation tax will have a significant impact on the public finances, which could require the Government to implement austerity policies. Because of this danger, it advises that the windfall portion of the corporation tax take should be set aside to counter any shocks to the […]
US was country’s biggest export market in 2018
New figures from the Central Statistics Office show that Ireland exported a total €141 billion of goods in 2018 and imported €92 billion worth of goods. The country exported over €39 billion of goods to the US in 2018 – its largest export market. It also imported €17 billion from the US last year. The […]
US trade offensive takes out WTO as global referee
US disruption of the global economic order has reached a major milestone as the World Trade Organization (WTO) loses its ability to intervene in trade wars. This threatens the future of the Geneva-based body. Two years after starting to block appointments, the US will finally paralyse the WTO’s Appellate Body, which acts as the supreme court […]
34,000 new homes needed every year for next decade – Central Bank
A study from the Central Bank has found that 34,000 new dwellings will be needed each year for the next decade to keep up with demand. The demand for housing comes from a natural increase in the population and more people coming to live in the country. At the peak of the boom in […]
Housing construction activity sees first slowdown since 2013
Activity in the construction sector declined for the third month in a row, the latest Purchasing Managers’ Index from Ulster Bank shows. Ulster Bank’s Construction PMI showed a reading of 48.2 in November, up from 46.2 in October. Any figure under 50 signals contraction in the industry. The November slowdown included a decline in activity […]
Housing construction activity sees first slowdown since 2013
Activity in the construction sector declined for the third month in a row, the latest Purchasing Managers’ Index from Ulster Bank shows. Ulster Bank’s Construction PMI showed a reading of 48.2 in November, up from 46.2 in October. Any figure under 50 signals contraction in the industry. The November slowdown included a decline in activity […]
New car sales speed up by 1.8% in November – CSO
The number of new private cars licensed for the first time rose by 1.8% in November, new figures from the Central Statistics Office show. The CSO said that a total of 1,676 new private cars were licensed for the first time, up from 1,647 the same month last year. Meanwhile, a total of 9,874 used […]
New car sales speed up by 1.8% in November – CSO
The number of new private cars licensed for the first time rose by 1.8% in November, new figures from the Central Statistics Office show. The CSO said that a total of 1,676 new private cars were licensed for the first time, up from 1,647 the same month last year. Meanwhile, a total of 9,874 used […]
NTMA says it will borrow less next year
The National Treasury Management Agency said it plans to borrow between €10 billion and €14 billion in 2020, down from a target range of €14-18 billion last year. The NTMA said a pre-funding strategy had given it a projected cash balance in excess of €15 billion. It said this gives it “significant flexibility” entering 2020 […]
NTMA says it will borrow less next year
The National Treasury Management Agency said it plans to borrow between €10 billion and €14 billion in 2020, down from a target range of €14-18 billion last year. The NTMA said a pre-funding strategy had given it a projected cash balance in excess of €15 billion. It said this gives it “significant flexibility” entering 2020 […]