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Manufacturing & Supply Chain

Economy

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 in 2017 and beyond. Tourism Ireland commissioned RedC to conduct

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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 private sector investment across Ireland during 2016.  Backing for 12

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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 as a result of Brexit, the Irish Congress of Trade

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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) in Davos, Switzerland on Thursday. The theme of this year’s

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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, according to commercial property specialists CBRE’s Outlook 2017 annual report,

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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 to rise until the end of 2016. The report gave

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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 in 2016 and showing that a total of €4.5 billion

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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 exports by €5 Billion and to create 60,000 new jobs.

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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 the Central Statistics Office on Friday. On an annual basis

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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 percent compared with October 2016, figures released by the Central

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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, and employment all rising at faster rates and new business

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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 on Wednesday.  The agreement provides for the approval of five

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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% in December 2015, the Central Statistics Office announced on Wednesday.

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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 companies in its history on Tuesday. Total employment at overseas

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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 for the final quarter of 2016. “Clearly low stock levels

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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 strengthening to the greatest extent in almost a year-and-a-half during

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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, according to the latest figures from the Banking & Payments

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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 and Poland, according to the results from the second wave

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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 construction industry will play an important role in that economic

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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 compares to an increase of 2.9% for November of last

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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 Initial Public Offering (IPO) of AIB, the Department of Finance

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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 for Winter 2016, published on Thursday. The report notes that

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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 the Gross Value Added (GVA) in the Irish economy, while

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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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Uncertain Economic Outlook Keeps Irish Consumers Cautious

    Uncertain Economic Outlook Keeps Irish Consumers Cautious

Irish consumers have remained cautious in the face of uncertain economic conditions, contrasting with changing attitudes in other areas, according

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Trade Mission to France Focuses on Cleantech, Brexit

    Trade Mission to France Focuses on Cleantech, Brexit

Minister for Foreign Affairs and Trade Charles Flanagan led an Enterprise Ireland Trade Mission to Lyon, on Wednesday, November 30,

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Value of Irish Money Market Funds Decreased by €16 Billion in September

    Value of Irish Money Market Funds Decreased by €16 Billion in September

Net asset value of money market funds (MMFs) in Ireland decreased by €16 billion to €444 billion in September 2016,

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2016 Set to be ‘Best Year Ever’ for Irish Tourism

    2016 Set to be ‘Best Year Ever’ for Irish Tourism

2016 is set to be the best year ever for Irish tourism, surpassing all previous records, according to Tourism Ireland

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Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

    Minister Mitchell O’Connor Supports EU Proposal to Prevent Geo-Blocking

Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor attended a day-long meeting of EU Single Market Ministers in Brussels

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CSO Finds Average Weekly Earnings up in Third Quarter of 2016

    CSO Finds Average Weekly Earnings up in Third Quarter of 2016

Preliminary estimates released by the Central Statistics Office on Friday, November 25, show that average weekly earnings and average hourly

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Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

    Ireland’s Tax System ‘Most Effective’ in EU, Says PwC Report

A report by PwC and the World Bank Group, released on Tuesday, November 22, says that Ireland is the most

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Medtronic Releases Second Quarter Financial Report

    Medtronic Releases Second Quarter Financial Report

Dublin-headquartered medical device company Medtronic reported the financial results of its second quarter on Tuesday, November 22. The company reported

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State Prepares to Sell Shareholding of AIB

    State Prepares to Sell Shareholding of AIB

The Department of Finance announce on Thursday, November 17, that they have launched a competition to appoint investment banks to

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Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

    Record Number of Collaborative Agreements Signed Between Industry and Researchers in 2015

Research by Knowledge Transfer Ireland found that 748 collaborative new research agreements between research performing organisations and industry were signed

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14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

    14,270 Days Lost to Industrial Disputes in the Third Quarter of 2016

Figures released by the Central Statistics Office on Thursday, November 18, show that 14,270 days were lost to industrial disputes

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the

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CSO Estimates 3.7 Billion Euro Trade Surplus for September

    CSO Estimates 3.7 Billion Euro Trade Surplus for September

Preliminary figures released by the Central Statistics Office on Tuesday, November 15, indicate that Ireland’s seasonally adjusted trade surplus will

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Irish SMEs will get chance to avail of lower corporation tax, says Minister

    Irish SMEs will get chance to avail of lower corporation tax, says Minister

Minister Mary Mitchell O’Connor has announced that new legislation will allow Irish SME’s involved in research and development activities to

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Central Bank Revises Irish Growth Projections

After Brexit, the Central Bank has revised its growth projections for the Irish economy for the next year.

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June PMI Shows Growth in Service Sector

According to Investec’s latest Purchasing Managers’ Index, the service sector is experiencing growth. It showed that this sector has been increasing in activity for the past 47 months.

While the service sector is expanding, the travel and leisure sector fell. New businesses rose significantly in the past month as well.

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Brexit Hits Irish Stock Market

Many of Ireland’s largest companies are seeing downgraded stock ratings as recent analysts are predicting lower earnings as a result of the Brexit.

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Irish Business Sectors Consider how Brexit will Affect Trade

The business sector in Ireland is preparing for the blows that the economy will face after hearing the results of the Brexit vote.

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JCD Group Bringing Over 150 Jobs to Cork

New construction for a commercial property company is expected to create 150 jobs for Cork as they are looking for employees to run the new data center.

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Argos Reports Rise in Sales

Argos total sales have risen by 2.6% in the past 13 weeks due to the rise in online sales.

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Manufacturing growth reaches 8 month high for the month of March

According to the latest Purchasing Managers’ Index, growth in Manufacturing rose to an eight month high in March. Expansion has slowed compared to

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Both Ireland and Northern Ireland’s economies would benefit financially if reunified

    Both Ireland and Northern Ireland’s economies would benefit financially if reunified

Political and economic reunification of both the North and South of Ireland could potentially deliver a €35.6bn boost in GDP

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Irish economic growth tops euro zone again

    Irish economic growth tops euro zone again

New preliminary figures from the Central Statistics Office show that GDP increased by 7.8% for the whole of 2015. This

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MyHome.ie predicts house price growth of 5% for 2016

Property website MyHome.ie has predicted another year of “robust” house price growth this year on the back of rising incomes

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Irish salaries to rise in 2016

    Irish salaries to rise in 2016

According to a survey by consultant company, Mercer, salaries in Ireland are forecast to rise by over 2% in 2016.

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