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  • Robert Shortt - RTÉ Reporter

    Robert Shortt

    Economics Correspondent

    Follow@RobertShortt

    Today's figures show that traffic on direct routes to Europe was down 2% while traffic to ports in Great Britain was unchanged in the third quarter

    Port traffic slows by 1% in third quarter

    Port traffic declined marginally in the third quarter of this year, according to the latest figures from the Irish Maritime Development Office (IMDO).

    Business • 07 Dec 22
    A savings rate of 19% is still high compared to pre-Covid levels of about 10%, the CSO said today

    Households' savings rate eases to 19% in Q3 - CSO

    The rate of household savings fell in the third quarter of this year to 19% of disposable income, according to data published by the Central Statistics Office today.

    Business • 07 Dec 22
    The annual household electricity bill in 2021 was 14% higher than in 2020, new CSO figures show, but the annual gas bill was down 2.6%

    Households' electricity bills rose by 14% last year

    The median, or mid-point, annual household electricity bill in 2021 was €1,268. This was just over 14% higher than the median annual bill in 2020 of €1,111, new figures from the Central Statistics Office show today.

    Business • 06 Dec 22
    A booming multinational sector has pushed Ireland's corporation tax take to record levels

    Record level of corporation tax collected in November

    A record €5 billion in corporation tax was collected in November, according to the latest Exchequer returns, the biggest monthly figure ever.

    Business • 02 Dec 22
    On an annual basis, the economy measured by GDP grew by 10.9% at the end of September (pic RollingNews.ie)

    Economy grew by 2.3% in Q3 - CSO

    The economy grew by 2.3% from July to September of this year when measured by Gross Domestic Product. However, activity in the domestic economy measured by Modified Domestic Demand fell by 1.1%.

    Business • 02 Dec 22
    Consumer prices in the 19 countries sharing the euro grew by 10% this month

    Euro zone inflation falls for first time in 17 months

    The annual rate of inflation across the euro area eased back to 10% in November, according to an initial 'flash' estimate from the EU's statistical agency Eurostat.

    Business • 30 Nov 22
    Minister Paschal Donohoe was first elected to the role for a two-and-a-half year term in the summer of 2020

    Donohoe to secure second term as Eurogroup president

    The Eurogroup has confirmed in a statement that Finance Minister Paschal Donohoe is the only minister to have put forward his name for the post of Eurogroup President.

    Ireland • 24 Nov 22
    The Central Bank is to increase the level of reserves banks must keep as a part of a process announced in June

    ECB will increase rates again in December - Makhlouf

    The Governor of the Central Bank has said the European Central Bank will increase interest rates at its meeting next month but he had "an open mind" on what scale that should be.

    Business • 24 Nov 22
    The amount of corporation tax collected has almost doubled since 2017 when it was €8 billion.

    Over €93 billion in tax generated by Govt in 2021

    Total tax revenue collected by the Exchequer in 2021 was €93.3 billion, according to the Central Statistics Office.

    Business • 23 Nov 22
    IFAC said high inflation has 'stunted' the recovery with real incomes expected to fall by 5% over the course of this year and next

    Budget strategy strikes 'appropriate balance' - IFAC

    The Irish Fiscal Advisory Council has said the Government's budgetary strategy struck the "appropriate balance between protecting vulnerable households and avoiding inflation".

    Business • 23 Nov 22

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