All posts in Business News

07 Jun 2013

Revenue eBrief No. 20/13

Corporation Tax 2013 and ROS Screens

Both the Corporation Tax Return (Form CT1) and Form 46G Company for accounting periods ending in 2013 are now available on ROS online and offline.

07 Jun 2013

ECB lowers euro zone outlook as key interest rate held at 0.5%

European Central Bank President Mario Draghi has announced a cut in the bank’s outlook for growth for the euro zone.

Although the ECB stuck to its forecast for a gradual recovery later in the year, the bank nonetheless cut the outlook for growth for 2013 from -0.5% to -0.6%.

06 Jun 2013

Euro zone GDP contraction slows, but retail sales worse than forecast

A run of economic figures for the euro zone all showed the same thing – growth remains elusive.

While Eurostat confirmed today that the euro zone as a whole – and nine of its 17 members – were in recession at the end of the first quarter, a separate survey from the statistics office showed retail sales falling a monthly 0.5% in April.

04 Jun 2013

Manufacturing output falls at weaker pace in May

The country’s manufacturing sector remained in contraction for a third successive month in May, according to the latest Investec purchasing managers index.

However, there were signs of a return to stabilisation in the month as the index showed a reading of 49.7. Any figure under 50 signals contraction in a sector, while a figure over 50 signals growth.

Output, new orders and employment all decreased at slower rates during the month. There was also a further easing in the rate of inflation on the cost front.

Today’s index comes a day after the PMIs for the euro zone showed that the downturn in manufacturing eased somewhat in May.

This suggested an improvement in overall economic performance in the month, which means that another rate cut is less likely when the ECB meets later in the week.

”The latest Investec Manufacturing PMI shows that activity in the Irish manufacturing sector remained in contraction during May, albeit the pace of decline was the slowest seen since the PMI fell below the 50 no-change level in March, commented Investec Ireland’s chief economist Philip O’Sullivan.

”The headline PMI reading, at 49.7, indicates that activity may be beginning to stabilise, however, forward-looking components suggest that a return to the pace of growth recorded during 2012 may be some months away,” he said.

RTE News

04 Jun 2013

Manufacturing output falls at weaker pace in May

The country’s manufacturing sector remained in contraction for a third successive month in May, according to the latest Investec purchasing managers index.

However, there were signs of a return to stabilisation in the month as the index showed a reading of 49.7. Any figure under 50 signals contraction in a sector, while a figure over 50 signals growth.

31 May 2013

Local Property Tax Guide 2013 and Local Property Tax FAQ 2013 added to Publications Section

Two new articles added under publication section. Click here to view Local Property Tax Guide 2013 and Local Property Tax FAQ 2012.

30 May 2013

EC says Irish economy has reached ‘a turning point’

Ireland’s economy may have reached a turning point, according to the European Commission – which predicts we could experience rapid growth by the end of the year as consumers start to spend again.

28 May 2013

Retail sector losing four convenience shops a week

Some 800 stores have been forced to shut in past four years. THE country has been losing four convenience stores every week since the recession began, according to a lobby group for the sector.