BoI revises GDP outlook, but expects healthy growth Bank of Ireland has downgraded its outlook for growth in Gross Domestic Product (GDP) to 1% this year and 3.9% in 2025. Business • 03 Jul 24
BoI revises GDP outlook, but expects healthy growth Bank of Ireland has downgraded its outlook for growth in Gross Domestic Product (GDP) to 1% this year and 3.9% in 2025. Business • 03 Jul 24
Sharpest fall in manufacturing activity in almost a year June marked the sharpest decline in activity in the manufacturing sector in eleven months, according to the latest Purchasing Managers' Index published by AIB. Business • 01 Jul 24
Sharpest fall in manufacturing activity in almost a year June marked the sharpest decline in activity in the manufacturing sector in eleven months, according to the latest Purchasing Managers' Index published by AIB. Business • 01 Jul 24
Strong increase in June consumer sentiment survey The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut. Business • 28 Jun 24
Strong increase in June consumer sentiment survey The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut. Business • 28 Jun 24
Davy predicts strong economic growth for 2024 Stockbrokers Davy said today it is expecting a broad-based acceleration of economic growth (GNI*) to 4.5% in 2024 and 4.3% in 2025 from an estimated 3% growth rate in 2023. Business • 19 Jun 24
Davy predicts strong economic growth for 2024 Stockbrokers Davy said today it is expecting a broad-based acceleration of economic growth (GNI*) to 4.5% in 2024 and 4.3% in 2025 from an estimated 3% growth rate in 2023. Business • 19 Jun 24
Central Bank lowers growth forecast for domestic economy The Central Bank has reduced its forecasts for economic growth this year. Business • 18 Jun 24
Central Bank lowers growth forecast for domestic economy The Central Bank has reduced its forecasts for economic growth this year. Business • 18 Jun 24
Irish economy forecast to grow by 1.2% this year - EU The European Commission has maintained its expectations for the performance of the Irish economy this year with a predicted GDP growth rate of 1.2%. Business • 15 May 24
Irish economy forecast to grow by 1.2% this year - EU The European Commission has maintained its expectations for the performance of the Irish economy this year with a predicted GDP growth rate of 1.2%. Business • 15 May 24
Domestic economic outlook for 2024 revised lower The Government has revised down slightly its projections for growth in the domestic economy this year, but still expects a moderate level of expansion in 2024 and beyond. Business • 23 Apr 24
Domestic economic outlook for 2024 revised lower The Government has revised down slightly its projections for growth in the domestic economy this year, but still expects a moderate level of expansion in 2024 and beyond. Business • 23 Apr 24
IMF cuts Irish growth forecast for this year The International Monetary Fund has revised downwards its projection for economic growth in Ireland this year. Business • 16 Apr 24
IMF cuts Irish growth forecast for this year The International Monetary Fund has revised downwards its projection for economic growth in Ireland this year. Business • 16 Apr 24
Service sector growth picks up in February - PMI survey The service sector here grew at its fastest pace in five months in February after slowing to a near standstill a month earlier, as firms reported rising levels of new business across all sectors, a survey showed today. Business • 05 Mar 24
Service sector growth picks up in February - PMI survey The service sector here grew at its fastest pace in five months in February after slowing to a near standstill a month earlier, as firms reported rising levels of new business across all sectors, a survey showed today. Business • 05 Mar 24
Economy, as measured by GDP, contracted by 3.2% in 2023 New figures from the Central Statistics Office show that the country's GDP shrank by 3.2% last year on the back of a contraction in the multinational dominated industry sector. Business • 01 Mar 24
Economy, as measured by GDP, contracted by 3.2% in 2023 New figures from the Central Statistics Office show that the country's GDP shrank by 3.2% last year on the back of a contraction in the multinational dominated industry sector. Business • 01 Mar 24
ESRI estimates strong MDD growth of 3.7% in December A new estimate suggests that the domestic economy here grew reasonably strongly in December, despite challenging conditions. Business • 26 Feb 24
ESRI estimates strong MDD growth of 3.7% in December A new estimate suggests that the domestic economy here grew reasonably strongly in December, despite challenging conditions. Business • 26 Feb 24
Consumer sentiment dips in February after January bounce Consumer sentiment fell again in February, undoing some of the gains it made a month earlier. Business • 26 Feb 24
Consumer sentiment dips in February after January bounce Consumer sentiment fell again in February, undoing some of the gains it made a month earlier. Business • 26 Feb 24
Commission cuts Irish growth forecasts to 1.2% from 3% The European Commission has today revised down its expectations for the performance of the Irish economy in its Winter 2024 Economic Forecast, which was published today. Business • 15 Feb 24
Commission cuts Irish growth forecasts to 1.2% from 3% The European Commission has today revised down its expectations for the performance of the Irish economy in its Winter 2024 Economic Forecast, which was published today. Business • 15 Feb 24
EY forecasts 'reasonably solid' economic growth Growth in the Irish economy will be "reasonably solid" in the coming years, according to the latest economic forecast from professional services firm EY. Business • 08 Feb 24
EY forecasts 'reasonably solid' economic growth Growth in the Irish economy will be "reasonably solid" in the coming years, according to the latest economic forecast from professional services firm EY. Business • 08 Feb 24
Export-led hit to the economy likely 'temporary' - BoI The slowdown in multinational exports that arose largely from a hit to the pharmaceutical sector last year is likely to have been temporary, according to Bank of Ireland in its latest Economic Outlook. Business • 06 Feb 24
Export-led hit to the economy likely 'temporary' - BoI The slowdown in multinational exports that arose largely from a hit to the pharmaceutical sector last year is likely to have been temporary, according to Bank of Ireland in its latest Economic Outlook. Business • 06 Feb 24
GDP down 1.9% in 2023, CSO's preliminary estimate shows New preliminary figures from the Central Statistics Office show that the country's GDP is estimated to have fallen by 0.7% in the fourth quarter of 2023 compared with the third quarter of last year. Business • 26 Jan 24
GDP down 1.9% in 2023, CSO's preliminary estimate shows New preliminary figures from the Central Statistics Office show that the country's GDP is estimated to have fallen by 0.7% in the fourth quarter of 2023 compared with the third quarter of last year. Business • 26 Jan 24
2023 sees end of economic boom but no sign of bust yet The revision of national accounts data by the Central Statistics Office in early December confirmed the economy officially entered a recession this year. Business • 23 Dec 23
2023 sees end of economic boom but no sign of bust yet The revision of national accounts data by the Central Statistics Office in early December confirmed the economy officially entered a recession this year. Business • 23 Dec 23
ESRI further downgrades economic growth forecast The Economic and Social Research Institute has further downgraded its forecast for growth in the economy this year. Business • 14 Dec 23
ESRI further downgrades economic growth forecast The Economic and Social Research Institute has further downgraded its forecast for growth in the economy this year. Business • 14 Dec 23
Euro zone's third quarter GDP contracts by 0.1% The euro zone economy contracted by 0.1% in the three months to the end of September, new data from Eurostat, the European Union's statistics office, has confirmed. Business • 07 Dec 23
Euro zone's third quarter GDP contracts by 0.1% The euro zone economy contracted by 0.1% in the three months to the end of September, new data from Eurostat, the European Union's statistics office, has confirmed. Business • 07 Dec 23
Donohoe won't rule himself out of running for IMF job Minister for Public Expenditure and Reform Paschal Donohoe has refused to categorically rule himself out of the running to be the next Managing Director of the International Monetary Fund. Business • 06 Dec 23
Donohoe won't rule himself out of running for IMF job Minister for Public Expenditure and Reform Paschal Donohoe has refused to categorically rule himself out of the running to be the next Managing Director of the International Monetary Fund. Business • 06 Dec 23
Growth in service sector picks up in November The rate of growth in the service sector picked up in November, new figures show. Business • 05 Dec 23
Growth in service sector picks up in November The rate of growth in the service sector picked up in November, new figures show. Business • 05 Dec 23
Latest CSO figures confirm economy in recession Figures today from the Central Statistics Office confirm that the economy is in recession, as the economy - as measured by gross domestic product (GDP) - fell by 1.9% in the three months to the end of September. Business • 01 Dec 23
Latest CSO figures confirm economy in recession Figures today from the Central Statistics Office confirm that the economy is in recession, as the economy - as measured by gross domestic product (GDP) - fell by 1.9% in the three months to the end of September. Business • 01 Dec 23
EU cuts Irish and euro zone growth forecasts for 2023 The European Commission has sharply revised downwards its forecasts for growth in the Irish economy measured by Gross Domestic Product (GDP), mostly due to falls in exports by multinational companies. Business • 15 Nov 23
EU cuts Irish and euro zone growth forecasts for 2023 The European Commission has sharply revised downwards its forecasts for growth in the Irish economy measured by Gross Domestic Product (GDP), mostly due to falls in exports by multinational companies. Business • 15 Nov 23
IMF warns on 'considerable external risks' for economy The International Monetary Fund (IMF) has said the Irish economy has "strengthened considerably" on the back of strong tax revenues but the positive outlook is "clouded by considerable external risks". Business • 03 Nov 23
IMF warns on 'considerable external risks' for economy The International Monetary Fund (IMF) has said the Irish economy has "strengthened considerably" on the back of strong tax revenues but the positive outlook is "clouded by considerable external risks". Business • 03 Nov 23
Service sector growth slows for sixth month in a row The rate of expansion in the country's services sector slowed for the sixth month in a row in October with a survey today showing it at the second-weakest level of the current 32-month upturn. Business • 03 Nov 23
Service sector growth slows for sixth month in a row The rate of expansion in the country's services sector slowed for the sixth month in a row in October with a survey today showing it at the second-weakest level of the current 32-month upturn. Business • 03 Nov 23
