Business News

Euro zone consumers cut their inflation expectations for the following 12 months again in May, although they still saw prices growing faster than the European Central Bank would like for years to come, a new ECB poll showed today. The ECB’s monthly Consumer Expectations Survey also showed modest expectations for income growth. The survey was…

New research from ESRI shows that the Republic accounts for more than half of Northern Ireland’s exports, mainly due to Brexit. According to the Economic and Social Research Insitutute study, Northern Ireland reported a total of €7.6 billion in goods imports and €10.5 billion in goods exports in 2021 (excluding sales to Great Britain). About…

The majority of American multinationals with operations here expect to increase employment in the coming year, according to the American Chamber of Commerce Ireland. In a survey of its members conducted to coincide with 4th July celebrations, 70% of respondents said they plan to hire more staff at their Irish operations over the next 12…

The Ministers for Finance and Public Expenditure and Reform Michael McGrath and Paschal Donohoe are expected to publish their Summer Economic Statement today. This document sets out the parameters for spending and tax cuts in the upcoming Budget. The surplus in the public finances this year is forecast to reach €10 billion, thanks mainly to…

Toll charges on most of the country’s national road network have increased today after a six-month deferment by the Government and there have been warnings that tolls are highly likely to rise again. The Automobile Association said it would like to see a review of the public-private partnerships behind many toll roads. Ten roads across…

Workers will be able to avail of extended breastfeeding breaks and new unpaid leave entitlements as part of the work-life balance act. Under the legislation, the entitlement to breastfeeding breaks will be extended from the current period of six months up to two years. In addition to this, parents and carers will be entitled to…

A slump in manufacturing activity deepened slightly last month, hitting a fresh three year low and leading to a fall in employment in the sector for only the second month across that period, a survey showed today. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell to 47.3 from 47.5 in May. The PMI…

Inflation in Ireland, as measured by the Harmonised Index of Consumer Prices, is estimated to have moderated to an annual rate of 4.8% in June from 5.4% in May, new figures from the Central Statistics Office show. Today’s CSO flash inflation figures show that energy prices are estimated to have increased by 0.9% in the…

The annual rate of house price inflation continued to ease during the first half of the year, the latest residential market review from property advisors DNG shows, while first time buyers continue to dominate the market. The annual rate of growth in prices at a national level (excluding Dublin) slowed to 3.4% for the year…

The Government has published a plan to boost cybersecurity, which includes measures to support the potential growth of the cybersecurity industry. The Mid-Term Review of the National Cyber Security Strategy 2019-2024 sets out 18 new actions to be implemented within the lifetime of the strategy. In a bid to address skills shortages, the plan will…