Consumer and business confidence dropped this month, amid rising Covid cases and Brexit setbacks. That is according to the latest Bank of Ireland Economic Pulse, which has fallen to its lowest reading in eight months. The survey gathers the views of households and businesses on topics such as finances, spending plans, house prices and business…
Tag Archives: consumer
The cost that comes with living in Ireland is experiencing an increase. The amount of houses available to buy does not satisfy the demand for it, electricity demand has increased over the years due to the need for technology and is putting strain on electricity output. This increase in demand is causing a rise in…
Lockdown dealt a heavy blow to many sectors since March last year. The shutdown of the hospitality and services sectors alone was one of the heaviest hits. Consumer spending data suggests significant pent-up consumer demand which will be unlocked once restrictions are eased. Lockdown dealt a €2bn hit to construction output in 2020 – report…
During the pandemic, consumers expected their finances to get worse as the Irish government tightened lockdown restrictions. Fast-forward to post-Covid regulations, their sentiments about the economy have been reported to be positive. KBC’s latest report on consumer outlook KBC Bank’s latest report on consumer sentiments indicates that as consumers’ fears about the disease are subsiding,…
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the Covid-19 pandemic struck. But the fall was slightly smaller than first estimated, the European Union’s statistics office said. Eurostat said GDP of the 19 countries sharing the euro contracted 3.6% quarter-on-quarter for a 3.1% year-on-year fall. …
Thousands more businesses across the country will begin opening their doors this morning for the first time in nearly three months, as the second phase of the Government’s plan to get the economy moving again gets under way. All retailers with their own on-street entrances can resume in-person trade, but opening times and how they…
European passenger car sales slumped in April as the first full month with restrictions imposed to contain the coronavirus pandemic across the continent dragged sales to a record drop, data showed today. In April, new car registrations dropped by 78.3% to 292,182 vehicles in the European Union, Britain and the European Free Trade Association countries. This…
Oil prices fell today on concerns about scarce storage capacity and global economic doldrums from the coronavirus pandemic. US oil futures led losses, falling by more than $2 a barrel on fears that storage at Cushing, Oklahoma, could reach full capacity soon. US West Texas Intermediate June futures fell $2.86, or 16.88%, to $14.08 a…
The Central Bank has said that small and medium-sized businesses will need up to €5.7 billion in emergency cash as a result of the Coronavirus lockdown to cover costs. The deputy governor of the Central Bank, Ed Sibley, said that SMEs have a really important role to play in the Irish economy, both socially and…
New figures show that digital advertising spend in the Irish market for 2019 rose by 17% to reach €673m, but the outbreak of Covid-19 will hit spending this year. The latest IAB PwC Online Adspend report shows that display advertising grew by 30% to €326m last year, driven by the growth of Social – which…