News

The EU and UK have reached an agreement on EU access to UK IT systems governing the movement of goods from Britain to Northern Ireland in what is seen as a significant development in the ongoing talks over the Northern Ireland Protocol. The agreement was announced following a meeting between the British foreign secretary James…

New figures from Kantar show that grocery inflation here now stands at a record high of 15.4% for the 12-week period ending December 25, 2022. Kantar said this is higher than UK grocery price inflation which currently stands at 14.2%. Today’s figures show that take-home grocery sales in Ireland increased by 10% in the four…

The number of people employed at firms backed by Enterprise Ireland (EI) rose 5% last year to 218,178, despite the difficult trading environment. It said 10,841 net new roles were created over the 12 months, down slightly on the record 11,911 jobs added a year previously. In total, 19,660 positions were generated by companies supported…

Retail sales volumes in November declined from the previous month as increases in sales of clothing and electrical goods failed to offset sharp falls in the bar and car sales. New figures from the Central Statistics Office show that retail sales fell by 1.4% in November when compared with October on a seasonally adjusted basis.…

Irish job posts offering remote and hybrid work have increased by 43% over the last 12 months according to a new study. The report has been published by Zoom in collaboration with FRS Recruitment. A snapshot of hybrid and remote work opportunities advertised between October 2021 and October 2022 shows that 33% of all job…

Euro zone inflation fell by more than expected last month but underlying price pressures rose, making it likely the European Central Bank will continue raising interest rates for months to come. Consumer price growth in the bloc that expanded to 20 nations when Croatia joined on 1 January, slowed to 9.2% in December from 10.1%…

The Central Statistics Office has published an online compilation of significant statistics about the economy and business recorded last year. The report notes that inflation reached a 38 year high in 2022, with the annual rate peaking at 9.2% in October before falling slightly in November. This was based on big increases in energy prices…

Euro zone producer prices fell month-on-month as expected in November, the EU’s statistics office said today, pulled down by falling costs of energy. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro fell 0.9% month-on-month for a 27.1% year-on-year rise. The monthly fall was mainly due…

Flexible working arrangements like those introduced during the Covid-19 crisis are not only good for employees but also boost productivity and potentially a business’s bottom line, the United Nations said today. In its first report focusing on work-life balances, the UN’s International Labour Organization evaluated the effects of working time, working hours and working time…

Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge of economic health,…