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10/09/2009
Prices Rise For First Time In Year
In what is being considered as a possible "green shoot" indicating the slow return to growth, Government figures have revealed consumer prices rose by 0.4% last month.
The rise is the first increase since September of last year.
The Consumer Price Index (CPI) published today shows prices in August increased by 0.4% in the month compared to a drop of 0.8% in the month of July.
Prices fell on average by 5.9% in the year to the end of August, a similar decline to the record annual drop last month.
The August figure compares to an increase of 0.5% recorded in August of last year.
Although speculation surrounding the significance of the figure has remained subdued in Ireland, elsewhere such "green shoots" have led to grander conclusions.
Yesterday, leading UK broadsheet The Guardian led with the headline " Recession Is Officially Over" after official data showed disused factories in the UK had restarted their machines and rising optimism in the City led to rise in mergers.
The British FTSE 100 index, which tracks blue-chip stocks, had reached close to the 5,000 mark for the first time since the collapse of UK based multi-national Lehman Brothers 12 months ago.
France and Germany also announced their emergence from the European wide recession earlier in the year.
However, Ireland's recession is believed to be one of the most entrenched in the EU, due to its property led economy suffering heavily from the plunge in property values across the western world.
(DW/GK)
The rise is the first increase since September of last year.
The Consumer Price Index (CPI) published today shows prices in August increased by 0.4% in the month compared to a drop of 0.8% in the month of July.
Prices fell on average by 5.9% in the year to the end of August, a similar decline to the record annual drop last month.
The August figure compares to an increase of 0.5% recorded in August of last year.
Although speculation surrounding the significance of the figure has remained subdued in Ireland, elsewhere such "green shoots" have led to grander conclusions.
Yesterday, leading UK broadsheet The Guardian led with the headline " Recession Is Officially Over" after official data showed disused factories in the UK had restarted their machines and rising optimism in the City led to rise in mergers.
The British FTSE 100 index, which tracks blue-chip stocks, had reached close to the 5,000 mark for the first time since the collapse of UK based multi-national Lehman Brothers 12 months ago.
France and Germany also announced their emergence from the European wide recession earlier in the year.
However, Ireland's recession is believed to be one of the most entrenched in the EU, due to its property led economy suffering heavily from the plunge in property values across the western world.
(DW/GK)
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11 November 2010
Manufacturing Increased 12% Since 2009
Output from Ireland's manufacturing industry has increased by 12% since last year, according to the latest statistics from the Government. The Central Statistics Office (CSO) has reported this morning that "significant" changes have occurred in a number of manufacturing sectors, with an average increase of 12.1% since September 2009.
Manufacturing Increased 12% Since 2009
Output from Ireland's manufacturing industry has increased by 12% since last year, according to the latest statistics from the Government. The Central Statistics Office (CSO) has reported this morning that "significant" changes have occurred in a number of manufacturing sectors, with an average increase of 12.1% since September 2009.
22 September 2010
Ireland Now Paying €15m In Interest
Despite yesterday's sale of €1.5bn in government bonds, the Opposition has pointed out Ireland is still paying €15million per year extra in interest. The National Treasury Management Agency announced yesterday it had secured €1.5bn from Irelands debt sale during yesterday's auction despite being in the throws of a hostile international market.
Ireland Now Paying €15m In Interest
Despite yesterday's sale of €1.5bn in government bonds, the Opposition has pointed out Ireland is still paying €15million per year extra in interest. The National Treasury Management Agency announced yesterday it had secured €1.5bn from Irelands debt sale during yesterday's auction despite being in the throws of a hostile international market.
08 October 2009
Prices Continue To Tumble
Government figures released today show that consumer prices have tumbled by 6.5% since September 2008. According to the Central Statistics Office, the Consumer Price Index decreased by 0.4% in the month, which leaves this year's prices 6.5% lower than last years.
Prices Continue To Tumble
Government figures released today show that consumer prices have tumbled by 6.5% since September 2008. According to the Central Statistics Office, the Consumer Price Index decreased by 0.4% in the month, which leaves this year's prices 6.5% lower than last years.
13 August 2009
Consumer Prices Continue To Fall
Consumer prices in Ireland have fallen for the ninth month in a row, according to recently published figures. The Central Statistics Office (CSO) revealed today prices fell by 0.8% last month resulting in a 5.9% drop since July last year.
Consumer Prices Continue To Fall
Consumer prices in Ireland have fallen for the ninth month in a row, according to recently published figures. The Central Statistics Office (CSO) revealed today prices fell by 0.8% last month resulting in a 5.9% drop since July last year.
27 September 2013
Concerns Raised Over Sudden Housing Market Growth
Steady growth each month in the housing over the last year has raised concerns of a possible property bubble. According to new figures there has been a 10.6% rise in property prices in the past year, the strongest since the housing market collapsed. It is understood that prices in Dublin are now rising by as much as €3,000 a month.
Concerns Raised Over Sudden Housing Market Growth
Steady growth each month in the housing over the last year has raised concerns of a possible property bubble. According to new figures there has been a 10.6% rise in property prices in the past year, the strongest since the housing market collapsed. It is understood that prices in Dublin are now rising by as much as €3,000 a month.
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