33,450 homes may be built here in Ireland in 2024 – Euroconstruct
A new analysis has estimated that around 33,450 new homes could be completed here next year. The research also predicts that around 31,000 will be finished this year. The study by independent construction market forecasting network, Euroconstruct, says construction output in Ireland is likely to expand by 3.2% this year. This will rise to 4.4% […]
Latest CSO figures confirm economy in recession
Figures today from the Central Statistics Office confirm that the economy is in recession. The economy, as measured by gross domestic product (GDP), fell by 1.9% in the three months to the end of September, according to the latest figures from the CSO. Modified Domestic Demand (MDD), which more closely tracks the domestic economy, was […]
ECB picks ‘European culture’ and ‘rivers and birds’ as themes for new euro banknotes
The Governing Council of the European Central Bank said it has selected “European culture” and “Rivers and birds” as the possible themes to choose from for future euro banknotes. This follows surveys conducted during the summer for the European public to express their preferences from seven shortlisted themes. In the survey commissioned by the ECB, […]
Big increase in demand for construction workers in 2023
The resurgence of construction here meant professional roles in that sector recorded the biggest increase in demand this year, new data shows. IrishJobs TalentBank, a database containing over 1.2m job candidates, shows demand for site engineers rose by 255%, while demand for site managers more than doubled to 157% between the third quarter of last […]
New tenants are paying 18% more for rent than existing ones – RTB
New tenants are paying considerably more rent than renters with existing tenancies, new official data has shown for the first time. According to information released by the Residential Tenancies Board, the standardised average rent nationally for an existing tenancy between April and June of this year was €1,332. That compares to €1,574 for a new […]
EU agreement on reducing industrial emissions
EU member countries and the European Parliament have said they have reached a preliminary agreement on curbing industrial emissions, including those from intensive poultry and pig farms and from ore mines. The deal, struck late last night, would “reduce harmful emissions from industry and improve public access to information,” the European Council, representing member states, […]
Brent tops $80 ahead of OPEC+ meeting
Oil prices crept higher today as the possibility that OPEC+ will extend or deepen supply cuts was compounded by a storm-related drop in Kazakh oil output to send the Brent benchmark above $80 a barrel. Brent crude futures were up 73 cents, or nearly 1%, at $80.71 a barrel by 1506 GMT. US West Texas […]
Weekly earnings rose by 4.6% in third quarter – CSO
Workers average weekly earnings rose 4.6% between July and September compared to the same period last year, new data from the Central Statistics Office (CSO) shows. On average, employees received wages of €907.72 during the period, up from €876.63 during the third quarter of 2022. Average weekly earnings increased across 12 out of 13 sectors […]
ECB rate hikes not necessarily over, Nagel says
The European Central Bank may need to raise interest rates again if the inflation outlook worsens, and the bank should not rush to ease policy too quickly after the steepest set of rates hikes on record, Bundesbank chief Joachim Nagel said today. The ECB has signalled steady rates for several quarters ahead and investors are […]
Oil prices rise slightly due to weak dollar
Oil prices rose slightly today due to a weak dollar, and expectations that the OPEC+ producer group would deepen and extend output cuts due to fears demand would remain subdued. Brent crude futures were up 11 cents, or 0.1%, at $80.09 a barrel at 0510 GMT. US West Texas Intermediate (WTI) crude futures were trading […]
