Average weekly earnings were €740 in 2018, an increase of 3.4% on the previous year, according to new statistics released by the Central Statistics Office. However, those on higher than average salaries can skew the numbers and the CSO pointed out that 63% of workers earn less than the average while 37% earn above the […]
Read MoreEuro zone inflation confirmed as slowing to 0.7% in October
Euro zone’s headline inflation slowed in October, the European Union statistics office said today as it confirmed its earlier estimate, with energy prices falling markedly. Eurostat also said the 19-country bloc posted in September a larger surplus in its trade with the rest of world, as exports grew more than imports. Inflation was confirmed at […]
Read MoreEU Commission gives green light to broadband plan
The European Commission has approved the Government’s National Broadband Plan, saying it complies with EU state aid rules. The decision means one of the final hurdles preventing the State from signing the contract with the preferred bidder, National Broadband Ireland, has been overcome. The Commission said the €2.6bn of public support will result in high-speed […]
Read MoreWTO members warn on post-Brexit market access
World Trade Organization members have demanded compromises from the EU and Britain to ensure foreign businesses do not lose market access in post-Brexit trade. At a meeting of the WTO’s Goods Council, 15 countries – including the US, India, Australia and Canada – raised concern over the so-called Tariff Rate Quotas (TRQs) that will […]
Read MoreTwo thirds of SMEs do not have digital presence
A survey by the IE Domain Registry, which manages the dot-IE web address, h found that two thirds of SMEs do not have a digital presence. This means that much of the ever increasing amount of money spent online is going to multinationals like Amazon and ASOS. David Curtin, CEO of the IE Domain Registry, […]
Read MoreProperty prices see slowest growth in six years – CSO
Dublin residential property prices fell for the third month in a row in the year to September, the latest Central Statistics Office figures show today. Dublin residential property prices decreased by 1.3% in the year to September, with house prices falling by 1.5% and apartments slowing by 0.2%. The CSO noted that the highest house […]
Read MoreEuro zone economy continues steady growth in third quarter
The euro zone economy continued to grow at a modest pace in the third quarter as expected, data from the EU statistics office showed today, as Germany narrowly escaped a technical recession and other big economies expanded. Eurostat said gross domestic product in the 19 countries sharing the euro increased 0.2% quarter-on-quarter in the third […]
Read MoreRevenue says no surcharge on returns filed this week
Revenue has said that its online system ROS is back up and running after being offline for some time today. Revenue had earlier said in a statement that it was aware of further difficulties with the ROS system after it also experienced issues yesterday. “Revenue acknowledges the difficulties and frustration being experienced by taxpayers and agents who […]
Read MoreMacroeconomic Scoreboard shows just four breaches of EU thresholds – CSO
Ireland has breached EU limits on four key tests of economic stability, new figures from the Central Statistics Office show. The Macroeconomic Scorecard, compiled by the CSO, is part of a system introduced by the European Commission during the financial crisis to flag imbalances in member state economies. The number of breaches is down from […]
Read MoreGerman economy dodges recession with 0.1% expansion in Q3
The German economy escaped a recession in the third quarter as strong consumer spending helped output grow 0.1% quarter-on-quarter, defying expectations of a contraction, preliminary data showed today. Gross domestic product in Europe’s largest economy expanded by 0.5% from July to September after a 0.3% expansion from April to June. This is according to seasonally adjusted […]
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