Archive for November 2023
Building Customer Loyalty: How to Compete with the Big Players
In today’s competitive market, KAAS understand that businesses of all sizes are vying for the same slice of consumer attention. Large corporations have abundant resources to invest in advertising, research, and customer experience. However, their size and scope don’t necessarily make them invincible. KAAS know that one area where businesses with fewer resources can genuinely…
Read MoreIrish Entertainment & Media industry to grow 3.6% a year up to 2027
The Irish entertainment and media industry is to grow by an annual compound rate of 3.6% between now and 2027, a new report from PwC has predicted. That would see it valued at over €6.1 billion, up from €5.1 billion last year. PwC says the growth is largely due to increasing internet access – particularly…
Read MoreCorporation tax take drops for third month in a row
The Exchequer recorded a deficit of €900m at the end of October, the latest figures from the Department of Finance show. The Exchequer returns, published this afternoon, also show a drop in corporation tax for the third month in a row. Corporation tax was just over €1bn lower, or 45% less, last month than the…
Read MoreValue of output from agriculture to fall 8% this year, CSO figures show
The value of output from agriculture this year will be down 8% compared to 2022, according to the Central Statistics Office. The CSO says the decrease is mainly due to a drop in milk prices paid to farmers of 28%. The decrease masks estimated increases in prices paid to farmers in some sectors, with pig…
Read MoreService sector growth slows for sixth month in a row – PMI
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. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 52.6 from 54.5 in September. The index has stayed above the…
Read MoreJobless rate moves up to 4.8% in October – CSO
New figures from the Central Statistics Office show that the number of people unemployed rose marginally in October. When adjusted for seasonal factors, the unemployment rate moved up to 4.8% in October from 4.7% in September. This compares to a rate of 4.5% in October last year. Today’s CSO figures show that the seasonally adjusted…
Read MoreShortage of builders a risk to housing construction, warns BPFI
The lack of skilled trades people could affect growth in the economy, according to the latest SME Monitor by Banking and Payments Federation Ireland. Construction firms have reported challenges in hiring suitably trained and skilled staff, with small and medium-sized enterprises particularly affected. A recent report published by Chambers Ireland shows that over 95% of…
Read MoreNew Central Bank campaign to help consumers avoid personal finance scams
The Central Bank has launched an information campaign to help consumers avoid personal finance scams. It said fraudsters are using increasingly sophisticated methods which calls for an increased level of awareness among the public. The scams take different forms including fake loan providers, ‘clones’ of well-known personal finance service providers like banks and fake investments…
Read MoreTwo thirds of adults think Irish banks lack competition
Two thirds of adults in Ireland think the banking sector lacks competition, new research has found. While almost three quarters agree that the process of opening a new bank account is difficult. The survey, carried out among 1,000 adults in Ireland by Censuswide on behalf of fintech Wise, also found that just over half trust…
Read MoreNew electric car registrations slow down by 17% in October – SIMI
The latest figures from the Society of the Irish Motor Industry show that new car registrations for October were down 16.8% to 2,178 when compared when the figure of 2,617 the same time last year. But SIMI said that registrations year to date are up 15.6% to 120,495 from 104,204 the same time last year.…
Read More