Archive for July 2024
Up to 53,000 new dwellings needed per year to cater for population growth – ESRI
A new report from the ESRI shows that 35,000 to 53,000 new dwellings will be needed annually based on projected population growth scenarios. The report looks at forecasts for population levels and related housing requirements using census and research data, as well as various forecasts on international migration patterns. The research was funded by the…
Read MoreMotor insurance costs rose slightly in first half of 2023
Average motor insurance premiums rose marginally in the first half of last year, compared to the year before, new data from the Central Bank has shown. Premiums increased by 0.5% to €561 during the period after a decreasing trend that had been seen since the second half of 2017. However, the small increase in premiums…
Read MoreAnnual inflation slows to three-year low of 1.5% – flash CSO data
The annual rate of inflation rose at the slowest rate in more than three years in June, increasing by 1.5% year-on-year compared to a rate of 2% in May, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office today. Irish HICP had fallen to 1.6% in April from…
Read MoreEnhancing Cash Reserves: Effective Strategies for Liquidity Management in Small Businesses
In today’s ever-evolving market landscape, liquidity management remains a cornerstone of a small business’s financial health. Enhancing cash reserves is not just about having funds in the bank; it’s about strategically managing these funds to ensure operational stability and facilitate growth. In this article from KAAS, we explore several effective strategies that small business owners…
Read MoreFall in number of mortgages approved in May
New figures from Banking and Payments Federation Ireland show there was a fall in the number of mortgages approved by Ireland’s main banks in May compared to the same time last year. That was driven by a more than 10% fall in approvals for first time buyers, although BPFI said that was in part due…
Read More67% of people say buying first home more challenging than ever
New research commissioned by life insurance and pensions firm Royal London Ireland has found that 67% of Irish people say that it is more difficult than ever to buy their first home. The research also shows that 27% agree that while it is difficult to get on the property ladder, this has always been the…
Read MoreSharpest fall in manufacturing activity in almost a year
June marked the sharpest decline in activity in the manufacturing sector in eleven months, according to the latest Purchasing Managers’ Index published by AIB. The headline index fell to 47.4 in June from 49.8 May. Any measure below the 50 breakeven point signals contraction in a sector. The downturn was driven by a contraction in…
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