Business News

Euro zone business growth soared in May as restrictions eased – PMI

4th June 2021

Euro zone business activity surged in May as the easing of some coronavirus related restrictions injected life into the bloc’s dominant services industry, a survey showed, echoing data today which showed factories had their best month on record. An acceleration of vaccine programmes across the region and a fall in reported daily cases has allowed […]

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ESRI urges extra borrowing and a doubling of investment in housing

3rd June 2021

Ireland should borrow more to invest in housing and could borrow an additional €4bn to €7bn a year, according to a new analysis by the Economic and Social Research Institute. It comes as the Covid-19 pandemic has forced the suspension of Europe’s fiscal rules on government borrowing and sparked a debate over how much countries […]

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ECB to keep policy loose this year despite high inflation risks

3rd June 2021

The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside. With an economic recovery underway and price pressures rising, calls for winding […]

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ECB to keep policy loose this year despite high inflation risks

3rd June 2021

The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside. With an economic recovery underway and price pressures rising, calls for winding […]

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Growth in services accelerates as restrictions are eased

3rd June 2021

Activity in the services sector expanded at the fastest pace in over five years in May, according to AIB. Its latest Purchasing Managers’ Index, a month-on-month check-up on conditions in the sector, pointed to a marked pick up in growth as pent-up demand was released with the loosening of pandemic restrictions. The services sector accounts […]

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Growth in services accelerates as restrictions are eased

3rd June 2021

Activity in the services sector expanded at the fastest pace in over five years in May, according to AIB. Its latest Purchasing Managers’ Index, a month-on-month check-up on conditions in the sector, pointed to a marked pick up in growth as pent-up demand was released with the loosening of pandemic restrictions. The services sector accounts […]

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Hopes for tourism boost as hospitality sector reopens

2nd June 2021

Hotels, B&Bs, self-catering accommodation and hostels can reopen from today, as the gradual lifting of Covid-19 restrictions on the tourism and hospitality sector begins. However, services including leisure facilities, as well as indoor restaurants and bars, are restricted to residents only. Around 65,000 people were employed by hotels pre-pandemic, with 270,000 employed in the wider […]

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Hopes for tourism boost as hospitality sector reopens

2nd June 2021

Hotels, B&Bs, self-catering accommodation and hostels can reopen from today, as the gradual lifting of Covid-19 restrictions on the tourism and hospitality sector begins. However, services including leisure facilities, as well as indoor restaurants and bars, are restricted to residents only. Around 65,000 people were employed by hotels pre-pandemic, with 270,000 employed in the wider […]

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Under-25s six times more likely to be in temporary work than older age groups

2nd June 2021

People aged under 25 are almost six times more likely to be in temporary work than their older counterparts, according to a new study on decent work by the ESRI and the Irish Human Rights and Equality Commission. The research entitled “Monitoring Decent Work in Ireland” finds that young people, along with Travellers, people with […]

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Under-25s six times more likely to be in temporary work than older age groups

2nd June 2021

People aged under 25 are almost six times more likely to be in temporary work than their older counterparts, according to a new study on decent work by the ESRI and the Irish Human Rights and Equality Commission. The research entitled “Monitoring Decent Work in Ireland” finds that young people, along with Travellers, people with […]

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