Growth in the country’s service sector picked up in January as some firms reported a pick-up in trading conditions and consumer confidence following the lifting of almost all Covid-19 restrictions, a survey found today. The AIB IHS Markit Purchasing Managers’ Index (PMI) moved up to 56.2 in January from 55.4 in December. The rate of…
Tag Archives: vaccine rollout
The euro zone economic recovery weakened further this month as renewed restrictions imposed to contain the Omicron coronavirus variant put another dent in bloc’s dominant services activity and as prices continued to soar. With the variant sweeping across Europe governments have been encouraging citizens to stay home and avoid socialising or meeting in groups. IHS…
With the world and the economy still reeling from the Covid-19 pandemic, the government promises new schemes to boost business grants, as well as provide targeted financial support for certain sectors. Varadkar promises more targeted Covid-19 supports The economy will “bounce back” sooner than many people think, the Tánaiste has told the Dáil, but he…
New figures from the Central Statistics Office show that 23.3% of businesses have ceased trading temporarily since the outbreak of Covid-19, while 0.6% have ceased trading permanently and 76% continue to trade. The CSO today published the first results of its Business Impact of Covid-19 Survey, the first of a temporary fortnightly snapshot of how…
It’s difficult to believe that just a few months ago COVID-19 was a term that no one knew. Now, COVID-19 or Coronavirus seems to be all the world is talking about. According to the World Health Organisation, there are currently over 3 million internationally confirmed cases of this virus, with over 20,000 of those being…
Europe’s banks are expected to have to set aside billions for potential loan losses as well as take profit hits because of the coronavirus crisis when they start reporting results over the next two weeks. The region’s banks were already under pressure before the crisis with high costs, low returns, and demands to fix outdated…
The insurance industry has announced a suite of measures aimed at helping personal and business customers through the difficulties posed by the Covid-19 pandemic. They include a reduction in premiums for business customers that will reflect the reduced level of exposure they have as a result of the restrictions as well as flexibility for those…