Irish economic growth for 2018 revised up to 8.2%
Irish economic growth for 2018 revised up to 8.2% The Irish economy grew 8.2% last year, according to new data released by the Central Statistics Office. Gross Domestic Product, a measure of the total output of an economy, stood at €324 billion for the year, the CSO said. But when the profits of multinationals were […]
Economy set for solid growth but EU warns of overheating
Economy set for solid growth but EU warns of overheatingThe European Commission has predicted that the Irish economy will continue to grow at a solid pace but warned that the risk of overheating could increase in the near term. In its quarterly economic forecasts, the Commission said that the Irish economy – as measured by […]
Ireland remains competitive, but threats to economic sustainability on the rise
Ireland remains competitive, but threats to economic sustainability on the rise Ireland continues to perform well in the three most influential competitiveness indicators, according to the latest Competitiveness Scorecard published by the National Competitiveness Council. The NCC said that Ireland is ranked 7th in the IMD rankings and ranked 23rd in both the WEF and […]
Annual inflation moves up to 1.1% in June
Annual inflation moves up to 1.1% in June New figures from the Central Statistics Office show that the annual inflation rate inched up to 1.1% in June from 1% the previous month on the back of higher rents, more expensive utility bills and higher air fares. June marks the fourth month in a row that […]
Mortgage approvals rise by 10% in May year on year
Mortgage approvals rise by 10% in May year on year Almost 5,000 mortgages to the value of over €1.1 billion were approved in May, the latest figures from Banking and Payments Federation Ireland show. Over 51% of these were for first-time buyers while mover purchasers accounted for 26.3%. Today’s figures show that the volume of […]