Friday, November 15, 2024

The week ahead in business: Irish League of Credit Unions consumer sentiment index, CSO figures on the labour market, and results for Origin Enterprises

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Sean Coyle, CEO of Origin Enterprises

We’ll get a sense of the public mood ahead of next week’s Budget tomorrow in the Irish League of Credit Unions’ consumer sentiment index.

The index was down slightly in August as consumers grappled with rising energy prices and costs associated with the return to school.

Economist Austin Hughes said at the time: “The broad message is that while things have clearly stopped getting worse, they are not getting markedly better for many ­households and winter spend is becoming a bit of a worry.”

The Central Statistics Office (CSO) will share an update on labour market churn in Ireland in the second quarter of 2024.

This release will also include information on newly created jobs and hires, as well as on the number of people who have stayed in their current job.

It will also publish the wholesale price index on Friday.

This report will share an update on wholesale electricity prices, which are the prices utility firms pay electricity generators for power.

It is set to be a quiet week for corporate results.

Origin Enterprises, whose CEO is Sean Coyle, will share its results for its most recent financial year on Tuesday.

The Dublin-listed group provides agronomy advice, crop inputs and digital agricultural solutions.

Origin reported revenues of €1.52bn in the nine months to April 30, down 20.7pc compared with the prior year.

This was attributed to “significantly” lower feed and fertiliser costs.

This decline drove price reductions of 29pc in the period.

Volumes were up 5.7pc, a growth that was supported by these decline in prices.

Origin Enterprises also pointed to adverse weather and field conditions which continued in the three months to the end of April this year, which delayed on-farm activities.

UK business Card Factory will publish its interim results on Tuesday.

The company provides a selection of greeting cards and gifts. It has 39 locations across Ireland.

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