The commercial vacancy rate across the country reached 13.9% in the final quarter of last year, the highest level recorded by GeoDirectory in nine years of reporting. There were 29,317 commercial units vacant across the country, according to the report which was prepared by EY. The data reveals that commercial vacancies increased in 15 out…
Tag Archives: consumer
Growth in the country’s service sector picked up strongly in February, as the recovery from the pandemic gained momentum following the lifting of Covid-19 restrictions. The AIB Services PMI rose sharply to 61.8 from 56.2 in January and 55.4 in December. Readings above 50 indicate overall rises in activity. The latest reading signalled the fastest…
Residential development commencements jumped 40% last year compared with 2020, and were 19% higher than pre-pandemic levels in 2019 – according to new figures from Deloitte Ireland. The data shows that commencement notices were lodged on 24,304 units last year, in residential schemes of more than 20 units. However, Deloitte estimates that around 6,000 units…
Minister for Finance Paschal Donohoe is “optimistic” that progress can be made on the completion of the EU banking union in the coming months, identifying it as “an important priority” for him in his role as president of the Eurogroup of euro zone finance ministers. Mr Donohoe said he was “committed” to fulfilling the mandate…
The EU is not overly alarmed at the growing use of crypto-assets, the EU Commissioner for financial services, financial stability and Capital Markets Union has said. But Mairead McGuinness also warned that any new financial instrument that is growing and unregulated can cause enormous problems if “we don’t get to grips with it”. Earlier this…
A new €5m initiative aimed at fostering greater collaboration between Irish SMEs and global businesses is being launched today. The Innovation Exchange is being launched by Skillnet Ireland in association with the Dublin Business Innovation Centre. The idea of the collaboration is to address the digital skills challenges of multinationals by matching them with indigenous…
The figures from AA Ireland show fuel prices have increased by more than a third in the past two years. Petrol prices at the pumps are now close to the psychologically important €2 a litre mark. In the past two weeks alone prices have jumped around 2c a litre, with the relentless cost increases putting…
A requirement for motor insurers to list a customer’s previous five years’ premiums on their renewal notice, which was introduced in an effort to push premiums lower, may be having an unwanted effect. That’s according to online broker, Insuremycars.ie, which claims the change introduced three years ago is leading customers to think they are getting…
Government pandemic supports saved at least 4,500 Irish companies from going bust – an average of 50 companies every week, according to analysis by PwC which feature in a report ‘Act Now: From recovery to growth’. The author of the report said that while the businesses avoided insolvency, they will need further support to repair…
The manufacturing sector continued to grow in January, according to the latest AIB Purchasing Managers Index (PMI). The headline index picked up to 59.4 in January, from December’s nine-month low of 58.3. Readings above 50 indicate overall rises in activity. The index remains at an elevated level historically, with the January reading higher than in…