Archive for December 2024
Number of new mortgages approved in October up 8.6%
The number of new mortgages approved in October was up 8.6% on the previous month. In total 4,829 new mortgages got the green light, up 13% compared to the same month last year. The latest Banking and Payments Federation Ireland (BPFI) data shows almost two thirds of the total were for first time buyers. “In…
Read MoreDublin ranked 43rd in global quality of living index
Dublin has been ranked in 43rd place in an annual assessment of the quality of living standards of cities globally. This was down one place on last year’s 42nd position. The Mercer 2024 Quality of Living city ranking also placed the capital in 26th position out of 38 western European cities. This was also a…
Read MoreThe Role of Financial KPIs: Measuring Success Beyond Revenue and Profit
When assessing the health of a business, it’s tempting to focus solely on revenue and profit. While these figures are important, at KAAS we know they don’t paint the full picture. Financial Key Performance Indicators (KPIs) allow businesses to evaluate performance more holistically, helping to identify strengths, weaknesses, and opportunities for growth. What Are Financial…
Read MoreEuro zone inflation edges up, ‘underlying’ price growth steady
Euro zone inflation accelerated in November and its most closely watched components remained high, data showed today, adding to the case for a more cautious European Central Bank interest rate cut next month. Consumer price inflation in the 20 countries sharing the euro stood at 2.3% in November, according to the data from Eurostat. That…
Read MoreECB’s Lane says bank should focus on future risks for policy decisions, FT reports
The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times in an interview published today. “Once the disinflation process (is) completed, then I think monetary policy needs to be essentially forward-looking, and to be scanning the…
Read MoreManufacturing activity contracts slightly in November – PMI
The country’s manufacturing sector saw a slight downturn in November, with a survey today showing a contraction in activity as new orders weakened. The latest AIB Ireland Manufacturing PMI fell to 49.9 from 51.5 in October. A PMI reading above 50 indicates growth, while below that level signals a contraction. This marks the third time…
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