Archive for September 2023
Activity in Ireland’s service sector continues to grow
The latest Purchasing Managers Index from AIB marks two and a half years of successive monthly improvement in business activity, new business and employment. The report states that demand in the sector continued to bolster these increases. The index dropped slightly to 55, down from 56.7 in July and 56.8 in June. Readings above 50…
Read MoreNavigating the Path to Business Success: Essential Strategies
In the dynamic and competitive world of business, [$websiteName] understand that the pursuit of success is an ongoing journey that requires careful planning, strategic thinking, and a commitment to continuous improvement. Whether you’re an entrepreneur with a bold vision or a seasoned business owner…
Read MoreEconomy sees growth of 0.5% in second quarter – CSO
The economy continued to grow in the second three months of the year, according to the latest figures from the Central Statistics Office. Measured by GDP, which includes the activities of multinationals, the economy grew by 0.5% compared to the first quarter of the year. Modified Domestic Demand, which excludes some of the activities of…
Read MoreDeposit rates finally rise but ‘the devil is in the detail’
When the banks published their half year results in the early part of last month, it was clear that pressure was going to mount on them to improve the returns that they have been offering depositors. All of the main lenders reported bumper profits for the half year with interest income and interest margins looking…
Read More‘Concerning gaps’ in pension coverage – CCPC
The Competition and Consumer Protection Commission (CCPC) has said that research it has carried out into pensions has revealed some concerning gaps in retirement planning. The survey of 757 people showed that one-in-ten 45-64 year olds do not have a pension. Pension ownership among the 45-54 age group stands at 76%, a sharp decline since…
Read MoreNTMA to increase State Savings interest rates
The National Treasury Management Agency said it is increasing the rates that apply to new fixed term and variable rate State Savings products. It also said it will almost treble the Prize Bond fund on offer to holders of Prize Bonds to €48m. All new interest rate changes and the new Prize Bond fund structure…
Read MoreAIB and EBS increase rates on saving accounts
AIB has become the latest bank to increase its interest rates on certain savings products, as well as on EBS saving accounts. The move comes amid growing calls for the benefit of European Central Bank rate increases to be passed on to savers. Increased deposit rates of up to 3% for both Regular Savers and…
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