Manufacturing & Supply Chain

Economy

New Car Sales Down 21 Percent in February

    New Car Sales Down 21 Percent in February

New car registration figures released on Wednesday by Motorcheck.ie show that new car sales in February 2017 have fallen 21% on last year with only 17,015 units sold compared to

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February Cost Burdens Rise at Fastest Rate Since May 2011

    February Cost Burdens Rise at Fastest Rate Since May 2011

The rate of input cost inflation accelerated sharply in February, amid higher prices for a range of raw materials, but output charge inflation moderated, according to the Investec Manufacturing PMI report

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Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

    Average Hourly Total Labour Costs Rose 1.4 Percent to €25.72 in 2016

Average weekly earnings were €716.07 in Quarter four of 2016, a rise of 0.6% from €712.02 one year earlier according to preliminary estimates released by the Central Statistics Office (CSO)

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Direct Flights Between Cork and North America Announced

    Direct Flights Between Cork and North America Announced

Cork Chamber welcomed the Norwegian Air’s Thursday announcement that it will offer direct flights between Cork Airport and Providence in Rhode Island, less than an hour’s drive from Boston, Massachusetts. New North

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One Third of Irish Hotels Have Changed Hands Since 2011

    One Third of Irish Hotels Have Changed Hands Since 2011

One third of Irish hotels have changed hands since 2011, according to a study from property consultants, Savills Ireland. The combined sales value over the five-year period was approximately €2.4

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Ireland Records Lowest Annual Inflation in the Eurozone

    Ireland Records Lowest Annual Inflation in the Eurozone

Ireland’s annual inflation rate was recorded as 0.2% in January 2017, the lowest in the Euro Area which saw an inflation rate of 1.8% , up from 1.1% in December 2016, according

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Price of Basic Metals Rises 12.1 Percent

    Price of Basic Metals Rises 12.1 Percent

The price of basic metals rose 12.1 % in January while other factory gate prices remained relatively stable, according to figures released by the Central Statistics Office on Wednesday. Total

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Employment Increased 3.3 Percent in 2016

    Employment Increased 3.3 Percent in 2016

There was an annual increase in employment of 65,100 (3.3%) in 2016, bringing total employment to 2,048,100, according to the Quarterly National Household Survey released by the CSO on Tuesday.

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Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

    Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 98 percent of businesses surveyed have no plan in place to deal with the consequences of

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Survey Reveals Pay and Conditions in Small Firms

    Survey Reveals Pay and Conditions in Small Firms

A survey on employment pay and conditions in 576 small companies employing 12,903 employees, released by the Small Firms Association on Monday, shows that 34%  of those companies surveyed pay maternity benefit

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What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

    What Needs to Change in Ireland if we Want to be a Real Global Leader in R&D

Post written by Ian Collins, Partner at EY Ireland. Previously published on Fora.ie The burden for small firms investing in research should be lifted. Ireland’s tax regime already ranks among the best

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European Parliament Approves Trade Agreement with Canada

    European Parliament Approves Trade Agreement with Canada

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was approved by the European Parliament on Wednesday. The landmark trade

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Record Level of Exports in 2016

    Record Level of Exports in 2016

Exports totalled more than €116 billion in 2016, the highest annual total on record, according to preliminary figures released by the Central Statistics Office on Wednesday. This is an increase of

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Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

    Dublin Office Tenants ‘Pre-Letting’ Space In Buildings That Have Not Yet Been Constructed

There has been a surge in office “pre-letting” – the practice of tenants committing to lease contracts before a building has even been constructed – accounting for 28,000 square meters

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Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

    Mean Weekly Earnings Increased by One Percent Between 2011 and 2014

Both mean and median weekly earnings for all employment increased by one percent in the period 2011 to 2014, according to figures released by the Central Statistics Office (CSO) on

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Dublin Airport Passenger Numbers Up Nine Percent in January

    Dublin Airport Passenger Numbers Up Nine Percent in January

Passenger numbers at Dublin Airport increased by 9% to almost 1.9 million in January, Dublin Airport announced Tuesday. Passenger volumes to and from continental Europe grew by 7%, with almost 873,000

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Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

    Businesses Encouraged to Apply as New Funding is Made Available for Enterprise Training

Skillnets, the national agency responsible for funding and supporting training networks, announced on Tuesday details of a new training fund that will support private sector businesses by addressing their skills

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Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

    Almost 1,000 New Jobs Supported Through Microfinance Ireland Loans in 2016

The Government-funded, not-for-profit lender, Microfinance Ireland (MFI), supported the creation of almost 1,000 Irish jobs through loans to small business in 2016, MFI reported on Monday. A record number of 397

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Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

    Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

Irish airline Ryanair reported on Monday that Q3 profits fell 8% to €95 million, as average fares fell by 17% to just €33 per passenger and traffic grew 16% to

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Government Opens Public Consultation for National Planning Framework

    Government Opens Public Consultation for National Planning Framework

The Taoiseach and Minister Simon Coveney launched a major national consultation for the preparation of a strategic planning and development framework for Ireland between now and 2040, in Maynooth University

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“Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

    “Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

“Wake up Ireland – the world has completely changed,” was the clear, warning issued by Simon McKeever, Chief Executive of the Irish Exporters Association, on the challenges arising from Brexit.

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New Car Sales Down 1.75% in January, Used Imports Surge

    New Car Sales Down 1.75% in January, Used Imports Surge

New car sales in January 2017 have decreased slightly on last year with 39k units sold compared to 39.7k units in January 2016 according to figures released by vehicle history

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Action Plan Hopes to Help Create 200,000 Jobs by 2020

    Action Plan Hopes to Help Create 200,000 Jobs by 2020

Taoiseach Enda Kenny and Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor launched the Action Plan for Jobs 2017 at the offices of NDRC in the Digital Hub, on

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January Sees 18-Month High for Manufacturing Output Growth

    January Sees 18-Month High for Manufacturing Output Growth

The Irish manufacturing sector remained in growth territory during the opening month of 2017, with both output and new orders

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Retail Sales Dropped 0.7 Percent in December

    Retail Sales Dropped 0.7 Percent in December

The seasonally-adjusted volume of retail sales decreased by 0.7 percent in the month of December, according to figures released by the

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Research Predicts Brexit’s Effect on Tourism

    Research Predicts Brexit’s Effect on Tourism

Tourism Ireland published research on Tuesday that shows the potential impacts of Brexit on tourism to the island of Ireland

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EIB Confirms Record €825 Million Backing for Irish Investment in 2016

    EIB Confirms Record €825 Million Backing for Irish Investment in 2016

The European Investment Bank (EIB) announced on Tuesday that they had provided more than €825 million for long-term public and

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ICTU Says UK Prime Minister has Not Addressed Border Uncertainty Facing Workers

    ICTU Says UK Prime Minister has Not Addressed Border Uncertainty Facing Workers

UK Prime Minister Theresa May has done little to address the major uncertainty facing workers across the island of Ireland

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Taoiseach Attends World Economic Forum in Davos

    Taoiseach Attends World Economic Forum in Davos

Taoiseach Enda Kenny and Minister for Finance Michael Noonan participated in the Annual Meeting of the World Economic Forum (WEF)

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Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

    Prime Industrial Rents Expected to Grow 13.9 Percent in 2017

Prime rents in the industrial sector may rise by almost 14% in 2017, following an increase of 25% last year,

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Construction Activity Rises for 40th Month in a Row

    Construction Activity Rises for 40th Month in a Row

The Ulster bank Purchasing Managers’ Index (PMI) for December, released on Monday, showed that activity in the construction sector constinued

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property

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Enterprise Ireland Launches Strategy to 2020

    Enterprise Ireland Launches Strategy to 2020

Enterprise Ireland, the Government agency responsible for developing Irish business globally, launched it’s 2017-2020 strategy on Monday, aiming to increase

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Industrial Production increased by 17.1% in November 2016

    Industrial Production increased by 17.1% in November 2016

Production for Manufacturing Industries rose 17.1 percent in November 2016 compared with the previous month, according to figures released by

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November Retail Sales Volume Rises 4.3 Percent

    November Retail Sales Volume Rises 4.3 Percent

The volume of retail sales  for November was up 4.3 percent when compared with the previous year, and up  0.9

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Service Sector New Order Growth Sees Five-Month High

    Service Sector New Order Growth Sees Five-Month High

Rates of expansion in the Irish service sector saw a boost at the end of 2016, with new orders, activity,

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Egypt Reopens Market to Irish Beef

    Egypt Reopens Market to Irish Beef

The Egyptian authorities reopened the market there to Irish beef, Minister for Agriculture, Food and the Marine Michael Creed announced

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Unemployment Rate Drops to 7.2%

    Unemployment Rate Drops to 7.2%

The seasonally adjusted unemployment rate for December 2016 was 7.2%. down from 7.3% in November 2016 and down from 8.9%

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Overseas Companies Employ Almost 200,000 in Ireland – IDA

    Overseas Companies Employ Almost 200,000 in Ireland – IDA

IDA Ireland, the Government agency responsible for attracting foreign direct investment, announced the highest level of employment in its client

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report

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Manufacturing Production Accelerates at Fastest Rate in 17 Months

    Manufacturing Production Accelerates at Fastest Rate in 17 Months

The Irish manufacturing sector showed further signs of recovery following the UK’s decision to leave the EU, with business conditions

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month for the three months ending November 2016,

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Wealthiest 10% of Households Own 51.2% of Total Net Wealth – ECB Household survey

    Wealthiest 10% of Households Own 51.2% of Total Net Wealth – ECB Household survey

The wealthiest 10% of households own 52.2% of the total net wealth in the Euro area, except Lithuania, and Hungary

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Construction Industry to Experience Most Positive Outlook in a Decade

    Construction Industry to Experience Most Positive Outlook in a Decade

The economy is growing at a solid pace, and the quantity and quality of buildings and infrastructure delivered by the

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Factory Gate Prices Rose 0.9% in November

    Factory Gate Prices Rose 0.9% in November

Monthly factory gate prices increased by 0.9% in November 2016, according to data released by the CSO on Thursday. This

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Global Coordinators Appointed to Sell AIB Shares

    Global Coordinators Appointed to Sell AIB Shares

Bank of America Merrill Lynch, Davy and Deutsche Bank were appointed as ‘Global Coordinators’ to assist in a potential future

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3.5% GDP Growth Forecast for 2017

    3.5% GDP Growth Forecast for 2017

The ERSI forecast GDP growth at 4.2 percent for 2016, and 3.5 percent for 2017 in the Quarterly Economic Commentary

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Foreign-Owned Enterprises Produced More Than Half of Non-Financial Goods and Services in 2014

    Foreign-Owned Enterprises Produced More Than Half of Non-Financial Goods and Services in 2014

Over 99% of business in Ireland are Small and Medium-sized Enterprises (SME), however these generate less than half (49.6%) of

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Most CFOs Confident About Economic Prospects – PwC

    Most CFOs Confident About Economic Prospects – PwC

Eight out of ten CFOs were confident about prospects for the economy in the year ahead, according to a survey

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First Interim Dividend Paid to Unsecured Creditors of IBRC

    First Interim Dividend Paid to Unsecured Creditors of IBRC

The first interim dividend of 25% was paid to all admitted unsecured creditors of the Irish Bank Resolution Corporation (IBRC),

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Northern Ireland Export Orders Rise at Record Rate

    Northern Ireland Export Orders Rise at Record Rate

A record rise in new export orders was signaled as companies benefited from Sterling weakness in November, according to data

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a website featuring career opportunities on Monday in the wake of a report that

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Ulster Banks Construction PMI Shows Sharp Rise in Employment

    Ulster Banks Construction PMI Shows Sharp Rise in Employment

Irish construction firms continued to record strong activity growth during November, supported by a further sharp increase in new orders,

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and

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During Euro Crisis, Finance Costs Increased Disproportionately for Small Enterprises

A research technical paper published by the Central Bank of Ireland on Monday, shows that the cost of bank finance

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CSO Publishes Statistical Guide to Brexit

    CSO Publishes Statistical Guide to Brexit

The Central Statistic Office released “Brexit: Ireland and the UK in numbers”, on Wednesday, December 7. The publication provides the

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ESRI Publishes Medium-Term Outlook for the Irish Economy

    ESRI Publishes Medium-Term Outlook for the Irish Economy

The Economic and Social Research Unit (ESRI) published a medium-term outlook for the Irish economy on Monday, December 5. Called

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Ireland’s Prospects Bright, But Uncertain – ECB

    Ireland’s Prospects Bright, But Uncertain – ECB

The European Commission and ECB finished the sixth post-programme surveillance review for Ireland on Friday, December 2, in which they

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