Business News

2.2 million Irish people have private health insurance – Health Insurance Authority

9th August 2019

2.2 million Irish people have private health insurance – Health Insurance Authority The number of people with private health insurance in Ireland rose to 2.2 million at the end of last year, representing 45% of the population, according to the Health Insurance Authority. The figures have risen year on year since 2014, and so has […]

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Consumer price growth slows in July – CSO

9th August 2019

Consumer price growth slows in July – CSO Consumer prices rose by 0.5% in July compared to the same month of 2018, according to the Central Statistics Office. That represents a significant slowdown in the pace of inflation, which stood at 1.1% in the year to June and 1.7% in April. In the year to […]

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Ireland’s national debt reached equivalent of €42,500 per person in 2018

9th August 2019

Ireland’s national debt reached equivalent of €42,500 per person in 2018 The amount of debt owed by the state rose to the equivalent of €42,500 for every person in the country last year, according to a new report released by the Government. The Annual Report on Public Debt shows that Ireland’s debt mountain stood at […]

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Euro zone bond yields sink further as trade war steps up

8th August 2019

Euro zone bond yields sink further as trade war steps up Euro zone government bond yields slid back towards recent lows on Tuesday as investors remained cautious on risk after the US branded China a currency manipulator, escalating their trade war. Safe-haven bond yields fell, while global stocks extended already substantial losses on Tuesday, after […]

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Manufacturing production down 9% in June – CSO

8th August 2019

Manufacturing production down 9% in June – CSO Production in the manufacturing industry dropped by 9% in June compared to May 2019, according to the latest Central Statistics Office data. Annually, production for June was down 2.1% when compared with the same month last year. Seasonally adjusted volume of industrial production for the three months […]

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Markets braced for increased volatility as Brexit and US-China trade row ramps up

8th August 2019

Markets braced for increased volatility as Brexit and US-China trade row ramps up Traders are preparing for a period of increased market volatility in the coming weeks, as the Brexit deadline approaches and the US-China trade dispute heats up. Speaking on RTÉ’s Morning Ireland Neil Wilson, chief market analyst with Markets.com, said the potential disruption […]

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Business activity growth at 3 month low, according to AIB PMI survey

7th August 2019

Business activity growth at 3 month low, according to AIB PMI survey Business activity in Ireland’s service sector expanded at the slowest pace in three months during July, amid the first reduction in foreign demand since November 2016. According to the AIB Services Purchasing Managers Index survey, overall new order growth eased to a three […]

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Sterling hits 23-month low overnight

7th August 2019

Sterling hits 23-month low overnight The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather […]

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US officially designates China a ‘currency manipulator’ as trade war rages

7th August 2019

US officially designates China a ‘currency manipulator’ as trade war rages The United States has formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiralling trade war in just 24 hours. Washington’s sudden move came the day China allowed the yuan to fall below seven to the dollar […]

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Irish bond yield spreads amid no-deal Brexit worries

1st August 2019

Irish bond yield spreads amid no-deal Brexit worries Irish Government bond yield spreads over Germany have hit their widest in nearly two months, as chances rise of a no-deal Brexit that would cause particular damage to Ireland. Sterling has dropped to 28-month lows against the dollar and euro on growing worries that Britain will leave […]

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