All posts in Business News

21 Jun 2013

Fears over Euro zone inter-bank lending

Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, according to data analysed by news agency Reuters.The figures signal a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year.
In a trend that could reignite fears

20 Jun 2013

Sharp rise in euro zone’s current account surplus

The euro zone’s current account surplus jumped to €19.5 billion in April, according to the latest data from the European Central Bank.

18 Jun 2013

Trade deal could add 18,000 jobs in Ireland – think-tank

IRELAND will benefit more than any other European country except Britain if the European Union and United States hammer out a new trade deal, a leading German think-tank says.

17 Jun 2013

Domestic businesses report rise in confidence

There has been a significant rise in confidence amongst companies operating in the country’s domestic sector, according to IBEC’s latest Business Sentiment Survey.
Sentiment amongst non-exporting companies improved significantly during the second quarter of the year, according to the employers’ group, while the outlook for the three months ahead was also up.

13 Jun 2013

Households paying down bank debts and saving more

Irish households are continuing to pay down their debts to the banks and are saving marginally more, new figures show.

11 Jun 2013

Loan approval rate for small businesses at highest level in four years

MORE small firms are being approved for credit than rejected for the first time in four years, according to a new report.

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