Euro zone retail sales pick up in September
Euro zone retail sales accelerated more than expected year-on-year in September, data from the European Union’s statistics office showed today, pointing to sustained domestic demand in Europe. Eurostst said retail sales in the 19 countries sharing the euro rose 0.1% month-on-month for a 3.1% year-on-year gain, up from 2.7% in August. Economists polled by Reuters […]
Brexit impacting trade flows but not tariffs
The UK’s importance as a trading partner for Ireland has declined significantly, according to research carried out by HSBC Bank. As part of its Navigator survey, the bank spoke to 9,000 companies in 35 countries. Just under half of Irish businesses considered the UK an important trading partner, down from 75% last year. Alan Duffy, CEO of […]
Tax revenues running slightly ahead of targets
Exchequer figures for the month of October show that Government tax revenues for the first ten months of the year running slightly ahead of target. Total tax revenues stood at €44.973 billion at the end of October, which was €706m or 1.6% ahead of target. Government spending stood at €43.224 billion. Compared to the […]
Euro zone investor morale rebounds in November
Morale among investors in the euro zone jumped in November to its highest level since June on signs of an economic upswing in Asia and resilience in the US economy, a new survey showed today. The Sentix research group said its investor sentiment index for the euro zone rose to -4.5 from -16.8 in October, […]
Consumer sentiment slumps further as Brexit rumbles on
Consumer sentiment fell for a fourth successive month for the first time since late 2012 as uncertainty over Brexit continued to weigh on confidence, a survey showed today. While the economy here has remained the fastest growing in the EU throughout three years of Brexit talks, consumer confidence took a hit in recent months as […]