News | Latest Breaking News Stories & Headlines

The ESRI has cautioned against any cuts in taxes in the upcoming Budget that go beyond keeping pace with inflation

ESRI forecasts slowdown in Irish economy this year

A fall in exports and lower consumer spending in the face of higher inflation will lower the growth rate in the economy this year, according to the Economic and Social Research Institute.

Business • 04 Oct 23

New orders fell at the fastest pace so far this year in September, following a brief rebound during August, the latest PMI shows

Fresh setbacks for manufacturing in September

The manufacturing sector experienced some renewed headwinds in September which saw the index going back into contractionary mode having bounced back in August.

Business • 02 Oct 23

The Central Bank forecasts that inflation, measured by the Harmonised Index of Consumer Prices, will average at 5.4% this year

Economic growth to slow as exports weaken - report

The Central Bank has lowered its forecasts for growth in the economy based on weaker exports from multinationals in Ireland, but has left its outlook for inflation broadly unchanged.

Business • 19 Sep 23

Higher operating costs continued to be passed on in higher selling prices, the data shows.

Activity in Ireland's service sector continues to grow

Activity in the service sector continued to grow in August, new figures show.

Business • 05 Sep 23

Discounting of prices continued, albeit at lower rates, AIB said today

Irish manufacturing expands for first time in 6 months

The manufacturing sector in Ireland expanded for the first time in six months last month.

Business • 01 Sep 23

Irish consumers focused their spending on experiences such as travel and entertainment

Irish economy will outperform EU peers - Mastercard

The Irish economy will continue to outperform its EU peers, according to the Mastercard Economics Institute, as consumer fundamentals remain strong.

Business • 15 Aug 23

The AIB S&P Global Purchasing Managers' Index for the services industry was almost unchanged in July at 56.7 compared to 56.8 in June

Service growth remains robust, inflation pressures ease

Service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input and output cost pressures, a survey showed today.

Business • 03 Aug 23

Ireland recorded the highest growth increase of 3.3% in the second quarter of 2023 compared to the previous quarter

Ireland posts highest euro zone GDP growth in Q2

Ireland recorded the highest increase in economic growth in the euro zone in the second quarter of this year, new figures from Eurostat show today.

Business • 31 Jul 23

The data is subject to later revisions in the Quarterly National Accounts

GDP grows 3.3% in Q2 pulling economy out of recession

The Irish economy as measured by Gross Domestic Product (GDP) returned to growth in the second quarter of the year, new preliminary figures from the Central Statistics Office (CSO) show.

Business • 28 Jul 23

'Embarrassment of riches' should be spent on housing

The chief economist at stockbroker Goodbody said he supports a proposed new capital spending stabilisation fund for the country's "embarrassment of riches".

Business • 20 Jul 23

Fitch said that Ireland will have a 'favourable budget position' in the years to come

Fitch raises Irish outlook to 'positive' from 'stable'

Fitch ratings agency has revised its outlook on Ireland to positive from stable and also affirmed the country's rating at AA-.

Business • 17 Jul 23

The latest Accenture/S&P Global Ireland Business Outlook survey was published today

Exports to boost Irish economic growth - Accenture

A new survey published today shows that despite the global economic challenges, Ireland's growth forecast has emerged strongly.

Business • 17 Jul 23

The services sector covers areas as diverse as communication, financial and business services, IT and the tourism trade

Service sector growth reignites inflationary pressures

The country's services sector grew at a strong rate again last month, reigniting inflationary pressures as both input costs and prices charged accelerated primarily on the back of higher wage demands, a survey showed today.

Business • 05 Jul 23

The AIB S&P Global manufacturing Purchasing Managers' Index fell to 47.3 from 47.5 in May

Manufacturing slump drags employment lower - PMI

A slump in manufacturing activity deepened slightly last month, hitting a fresh three year low and leading to a fall in employment in the sector for only the second month across that period, a survey showed today.

Business • 03 Jul 23

Euro area GDP growth fell by 0.1% in the first three months of 2023 after a decrease of 0.1% in the last quarter of 2022

Euro area falls into technical recession in Q1

The euro area fell into a technical recession in the first quarter of this year, according to figures from Eurostat.

Business • 08 Jun 23

The AIB S&P Global Purchasing Managers' Index (PMI) slipped to 57 in May from 58.4 in April

Services sector growth slows in May - PMI

Growth in the services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed today.

Business • 06 Jun 23

The CSO has revised down its previous data on the performance of GDP during the last three months of last year, which brought it very slightly into negative territory

Economy in technical recession as Q1 GDP falls 4.6%

Ireland's economy as measured by Gross Domestic Product (GDP) shrank in the first three months of the year, according to new data from the Central Statistics Office.

Business • 02 Jun 23

The AIB S&P Global manufacturing Purchasing Managers' Index fell to 47.5 from 48.6 in April

Manufacturing activity dips at fastest pace in 3 years

Manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers' markets, a survey showed today.

Business • 01 Jun 23

Inflation will remain stubbornly high, the European Commission has forecast today

European Commission sees 'solid' Irish economic growth

Ireland's economy is projected to remain on a solid growth path with GDP growth of 5.5% expected in 2023 and 5% expected in 2024, according to the European Commission's Spring 2023 Economic Forecast, which was published today.

Business • 15 May 23

The country's GDP increased by 12% in 2022, while modified domestic demand rose by 8.2% for the year as a whole

Q1 GDP fell 2.7% on quarterly basis, CSO estimates

The country's gross domestic product fell by 2.7% on a quarterly basis in the first quarter of 2023 but stood 6.4% higher than a year ago, a preliminary estimate reading from the Central Statistics Office shows today.

Business • 27 Apr 23

New Eurostat figures show flat GDP growth in the euro zone in the last quarter of 2022

Euro zone growth flat in fourth quarter of 2022

GDP growth in the euro area was flat in the last three months of last year compared to the previous three months, according to figures published by Eurostat.

Business • 08 Mar 23

The Central Bank expects the domestic economy to grow by just over 3% this year

Central Bank forecasts inflation to fall to 5% in 2023

Inflation is forecast to fall to 5% this year and household incomes are expected to improve, according to the Central Bank.

Business • 08 Mar 23

Modified Domestic Demand (MDD), which strips out the impact of multinationals, declined by 1.3% in the last quarter of 2022

Domestic economy in technical recession at end of 2022

The economy grew by 0.3% in GDP terms in the final three months of last year, which is markedly slower than the initial estimate of 3.5% published last month, according to figures published by the Central Statistics Office.

Business • 03 Mar 23

The business activity index rose to 58.2 last month, from 54.1 in January

Growth in service sector picks up in February

The latest AIB Services Purchasing Managers' Index (PMI) reveals that growth in the country's service sector picked up in February.

Business • 03 Mar 23

The economy grew in GDP terms by 12.2% in 2022, new CSO figures estimate

Ireland estimated to have had highest EU growth in 2022

The economy grew by 3.5% in the last three months of last year, compared to the previous three months, according to an estimate by the Central Statistics Office.

Business • 30 Jan 23

Irish Economy

ESRI forecasts slowdown in Irish economy this year

Fresh setbacks for manufacturing in September

Economic growth to slow as exports weaken - report

Activity in Ireland's service sector continues to grow

Irish manufacturing expands for first time in 6 months

Irish economy will outperform EU peers - Mastercard

Service growth remains robust, inflation pressures ease

Ireland posts highest euro zone GDP growth in Q2

GDP grows 3.3% in Q2 pulling economy out of recession

'Embarrassment of riches' should be spent on housing

Fitch raises Irish outlook to 'positive' from 'stable'

Exports to boost Irish economic growth - Accenture

Service sector growth reignites inflationary pressures

Manufacturing slump drags employment lower - PMI

Euro area falls into technical recession in Q1

Services sector growth slows in May - PMI

Economy in technical recession as Q1 GDP falls 4.6%

Manufacturing activity dips at fastest pace in 3 years

European Commission sees 'solid' Irish economic growth

Q1 GDP fell 2.7% on quarterly basis, CSO estimates

Euro zone growth flat in fourth quarter of 2022

Central Bank forecasts inflation to fall to 5% in 2023

Domestic economy in technical recession at end of 2022

Growth in service sector picks up in February

Ireland estimated to have had highest EU growth in 2022