New figures from the Central Statistics Office show that the Households Saving Rate fell to 14% in the first three months of 2023, down from 24% at the end of 2022. The CSO said the lower rate of saving in the first three months of the year marked a departure from the high rate that…
Category Archives: News
The euro area fell into a technical recession in the first quarter of this year, according to figures from Eurostat. However, across the EU as a whole, growth remained positive at 0.1% compared to the last three months of last year. Euro area GDP growth fell by 0.1% in the first three months of this…
Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed today, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn. The ECB has raised interest rates by a combined 375 basis points over the past year to arrest…
The top US securities regulator has sued cryptocurrency platform Coinbase, the second lawsuit in two days against a major crypto exchange. This marks a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The US Securities and Exchange Commission (SEC) on Monday…
Global airlines have called for broad co-operation to reach “very tough” emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Aviation, which produces around 2% of the world’s emissions, is considered one of the hardest sectors to decarbonise. The International Air Transport…
Corporation tax receipts dropped slightly in May according to the latest exchequer returns, underlining the volatile nature of this source of revenue. A total of €2.7 billion in tax was collected from businesses during the month, down €200m or 6.2% on the same month last year as higher repayments and lower profitability impacted returns. However,…
A once-off additional €100 in Child Benefit is being paid this month to help 650,000 families with the cost of living. The extra support means that €240 per child will be paid this month in respect of more than 1.2 million children. An additional €100 payment is also being made from this month for each…
Growth in the services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed today. The AIB S&P Global Purchasing Managers’ Index (PMI) slipped to 57 from 58.4 in April. But it remained above the 50 mark separating growth from contraction…
Euro zone inflation eased more than expected last month as underlying price growth also slowed, fuelling a debate about the need for further European Central Bank rate hikes beyond an increase later this month. Inflation in the 20 nations Inflation in the 20 nations sharing the euro eased to 6.1% in May from 7% in…
Ireland is on course to miss its 2030 climate targets by a large margin unless all sectors, including agriculture, electricity and transport, rapidly deliver further emission reductions and sustain this delivery into the future, according to the latest report from the Environmental Protection Agency (EPA). The EPA has analysed how far emissions would fall if…