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  • Editor’s Picks / 30 July 2015 at 11:59 GMT

    Irish economic recovery continues with 6.5% growth

    The Irish Times
    Ireland’s economy grew by more than 6% in the first three months of the year compared with the same period in 2014, new figures reveal. Data released this morning in Dublin by the Central Statistics Office shows that gross domestic product (GDP) in the first quarter of 2015 accelerated by 6.5% year-on-year while gross national product (GNP) advanced by 7.3%, the Irish Times reports. GDP grew 1.4% in the first quarter of 2015 compared with the final quarter of 2014. But GNP, which strips out the impact of multinational profit flows, declined 0.8% quarter-on-quarter.
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  • Squawk / 24 September 2014 at 11:19 GMT
    Irish house prices continue their march north in August:

    The Irish central statistics office reports that residential property prices gained 2.3% m/m in August, their fifth straight monthly gain. However, the series is not seasonally adjusted, so a look at the year-on-year figures is warranted. This series too shows that residential prices are appreciating as a fast rate of 14.9% up from 13.4% in July. It is, in fact, the fastest rate of appreciation since early 2007 when the Irish property market was on the brink of a meltdown.

    Digging deeper we find that house prices are up 14.6% (similar to all residential at 14.9% as mentioned above) while apartment prices are up a staggering 24%. Excluding Dublin, however, the appreciation is less pronounced. House prices are up 5.8% outside of Dublin.
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  • 4y
    fxtime fxtime
    Agree oil and metals have been hard hit....although today Lonmin seems to have stabilised looking at market depth...lets see if it holds for longer than a day...