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30/06/2008
GDP Down 1.5% In First Quarter
The ongoing economic decline has been further underlined by a report by the Central Statistics Office (CSO) showing Irelands GDP has fallen by 1.5%.
A report last week revealed Ireland was tottering on edge of recession, and the latest release from the Central Statistics Office has quelled any remaining optimism.
Ireland's gross domestic product has retracted due to a fall in the level of consumer spending and capital investment, brought on by the seizing up of the construction sector.
However, the GNP, which takes into account profits from foreign owned enterprises amongst other elements, has gone up by 0.8% compared with the same period last year.
A similar mixed bag of news comes from the CSO's figures on industry output. According to the report, the volume of industry output fell by 5.2% compared to 2007. One of industries largest sectors, construction, was mainly to blame for this increase dropping by 16.4%, while Distribtion, Transport and Communications rose by 0.6% and 'Other Services' rose by 4.5%.
But the ongoing crises in the housing sector continues to pressure the economy with the report showing the growth in mortgage lending is down to its lowest rate for 16 years.
(DW)
A report last week revealed Ireland was tottering on edge of recession, and the latest release from the Central Statistics Office has quelled any remaining optimism.
Ireland's gross domestic product has retracted due to a fall in the level of consumer spending and capital investment, brought on by the seizing up of the construction sector.
However, the GNP, which takes into account profits from foreign owned enterprises amongst other elements, has gone up by 0.8% compared with the same period last year.
A similar mixed bag of news comes from the CSO's figures on industry output. According to the report, the volume of industry output fell by 5.2% compared to 2007. One of industries largest sectors, construction, was mainly to blame for this increase dropping by 16.4%, while Distribtion, Transport and Communications rose by 0.6% and 'Other Services' rose by 4.5%.
But the ongoing crises in the housing sector continues to pressure the economy with the report showing the growth in mortgage lending is down to its lowest rate for 16 years.
(DW)
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17 April 2008
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29 July 2011
Focus On Irish Audiovisual Sector
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17 November 2009
Rents At Ten Year Low
Rents across the country have fallen to a ten year low, according to findings from property website Daft.ie. The latest report published by the property respected property website said the cost of renting a property fell by a further 4% in the past three months. The national average rent now stands at €771 - the lowest level in almost 10 years.
Rents At Ten Year Low
Rents across the country have fallen to a ten year low, according to findings from property website Daft.ie. The latest report published by the property respected property website said the cost of renting a property fell by a further 4% in the past three months. The national average rent now stands at €771 - the lowest level in almost 10 years.
09 October 2009
Public Pay Is 26% Higher Than Private
The Economic and Social Research Institute claims there is a pay gap between workers in the public and private sector approaching 26%. The figures coincide with rumblings from the Government that Public Sector pay will be cut in December's Budget.
Public Pay Is 26% Higher Than Private
The Economic and Social Research Institute claims there is a pay gap between workers in the public and private sector approaching 26%. The figures coincide with rumblings from the Government that Public Sector pay will be cut in December's Budget.
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Ireland WeatherThis Evening and Tonight:This evening will be dry. The rest of the night will remain dry with variable amounts of cloud and some clear periods. Light southwesterly winds. Minimum temperature 10 °C.
