Business News

The Covid-adjusted rate of unemployment rose to 25% in January, up from 19.4% in December, according to the latest figures from the Central Statistics Office. Restrictions, including the closure of shops and restaurants and a ban on travel and home visits, were dropped for most of December but reimposed late in the month after a […]

Euro zone inflation surged well past expectations last month, driven by rising energy costs and a German tax increase, posing a potential communications challenge for the European Central Bank.  Inflation has undershot the ECB’s nearly 2% target for most of the past decade.  The ECB has promised ultra-easy policy for years to come, with price […]

Euro zone inflation surged well past expectations last month, driven by rising energy costs and a German tax increase, posing a potential communications challenge for the European Central Bank.  Inflation has undershot the ECB’s nearly 2% target for most of the past decade.  The ECB has promised ultra-easy policy for years to come, with price […]

The country’s services sector contracted last month at the sharpest rate since the economy was emerging from an initial Covid-19 lockdown last May after the Government imposed its toughest restrictions in nine months.  Most building sites, shops and the hospitality sector was closed from late December after a four-week reopening led to a huge surge […]

The country’s services sector contracted last month at the sharpest rate since the economy was emerging from an initial Covid-19 lockdown last May after the Government imposed its toughest restrictions in nine months.  Most building sites, shops and the hospitality sector was closed from late December after a four-week reopening led to a huge surge […]

The euro zone economy contracted less than expected in the fourth quarter of 2020 amid pandemic-induced lockdowns, initial EU estimates showed today. But the euro zone may be heading for another, probably steeper decline in the first quarter of this year.  The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, […]

The euro zone economy contracted less than expected in the fourth quarter of 2020 amid pandemic-induced lockdowns, initial EU estimates showed today. But the euro zone may be heading for another, probably steeper decline in the first quarter of this year.  The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, […]

Household savings continue to rise and debt levels continue to fall, according to the latest figures from the Central Bank.  The Central Bank’s quarterly financial accounts show that gross household savings rose by €570m between July and September to a total of €6.4 billion.   Household net worth, which captures the value of deposits and […]

Household savings continue to rise and debt levels continue to fall, according to the latest figures from the Central Bank.  The Central Bank’s quarterly financial accounts show that gross household savings rose by €570m between July and September to a total of €6.4 billion.   Household net worth, which captures the value of deposits and […]

Almost 480,000 people will receive the Pandemic Unemployment Payment this week, an increase of 4,269 or less that 1%, according to the latest figures from the Department of Social Protection. The rate of increase in claims is slower than last week’s rise of 3% – though the claims figure is still well below the peak […]