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Construction PMI sees first rise in four months

Construction PMI sees first rise in four months

Construction activity picked up for the first time in four months in August – normally a quiet month for the industry – the latest Construction Purchasing Managers Index from Ulster Bank shows.

The construction PMI rose to 53.7 in August from 51.4 in July.

Ulster Bank said the improvement in August reflected a better performance across the three main sub-sectors …

Live Register continues downward trend – CSO

Live Register continues downward trend – CSO

The number of people signing on the Live Register fell again in August to the lowest level since early 2008, the latest figures from the Central Statistics Office show.

The Live Register total recorded a monthly decrease of 1,500 – down 0.8% – last month, which brought the seasonally adjusted total to 188,500.

The CSO said that on a seasonally adjusted basis, the …

Big investment banks have worst start to year since 2006

Big investment banks have worst start to year since 2006

The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition today.

In the first six months of 2019 investment banks reported revenues of $76.8 billion, down 11% on the previous year and the lowest first-half performance for 13 years.

Revenues fell across the …

Business confidence sinking on Brexit concerns – IoD

Business confidence sinking on Brexit concerns – IoD

A new survey shows that business confidence has been severely impacted by the political and economic uncertainty surrounding Brexit.

The latest quarterly survey from the Institute of Directors in Ireland shows that the uncertainty evident over the past 12 months has intensified.

It also reveals that 89% of respondents think the Government should deliver a conservative Budget in October in …

84% of Irish consumers own a smartphone – ComReg

84% of Irish consumers own a smartphone – ComReg

A new survey from ComReg shows that 84% of the population here own a smartphone, with two thirds of these using Google’s Android operating system, while the remainder are using Apple’s iOS.

The survey was released ahead of ComReg’s national conference on the Digital Society tomorrow.

It also reveals that half of Irish consumers are bill pay customers, with an average …

ECB President hopeful supports bank’s current stance

ECB President hopeful supports bank’s current stance

The nominee to be the next President of the European Central Bank, Christine Lagarde, has said she supports the current stance of the ECB.

The ECB maintains that “a highly accommodative policy stance is warranted for a prolonged period of time in order to bring inflation back to below or close to 2%.”

Ms Lagarde was speaking before the European Parliament’s Economic and …

Number of bankruptcies increase here – ISI

Number of bankruptcies increase here – ISI

New figures published today show that so far this year, a total of 183 people were adjudicated bankrupt in Ireland.

The figures from the Insolvency Service of Ireland show that 2,323 people were adjudicated bankrupt from January 2014 to December 2018.

This compares to a total of 225 cases in the years from 2000 to 2013 – an average of 16 cases …

‘Bankers are well paid’ – minister says salary cap will stay in place

‘Bankers are well paid’ – minister says salary cap will stay in place

Restrictions on banker pay imposed in response to the financial crisis will not be changed, Junior Finance Minister Michael D’Arcy has said.

“I’m of the view the decision is made,” Mr D’Arcy said in a Bloomberg TV interview in Hong Kong.

“The bankers in those institutions are well paid.

“The threshold is €500,000 and that’s in the …

UK manufacturing output hits seven year low amid Brexit uncertainty

UK manufacturing output hits seven year low amid Brexit uncertainty

UK manufacturing output tumbled at the fastest rate in seven years in August, as Brexit uncertainty and the global economic slowdown hit demand.

The IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) fell to 47.4 in August, down from a reading of 48 in July. A reading above 50 indicates growth.

IHS Markit, which compiles the monthly survey, said …

Unemployment rate dips to 5.2% in August – CSO

Unemployment rate dips to 5.2% in August – CSO

The unemployment rate fell marginally in August, according to the latest figures from the Central Statistics Office.

The latest monthly unemployment figures show unemployment at 5.2%, down from 5.3% in July.

The CSO said there were 126,000 people unemployed last month, down 6,400 compared to August last year.

Last week the CSO revised the unemployment figures for June …

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