Tuesday, November 12, 2024

The week ahead in business: CSO figures on business in Ireland, and Eurostat update on inflation

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The report will share insights on employee numbers, turnover and the number of enterprises operating in the economy.

An update on production in building and construction for the second quarter of the year will also be shared on Tuesday.

The volume of production fell by 12.7pc in the first three months of this year compared with the same period in 2023.

However, the volume of production in the residential building sector rose 8.5pc in the first quarter of 2024 compared with the final three months of 2023, according to the CSO.

It will also publish the latest edition of the quarterly labour force survey on Thursday.

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

UK-headquartered recruiter Hays, which has four offices located across Ireland, will publish its annual results for the year ending June 30 on Wednesday,

Eurostat, the European Union’s statistic agency, will also publish an update on inflation this week.

It will share an update on the annual inflation rate in the euro area for July tomorrow.

Euro area annual inflation is expected to hit 2.6pc in July, up slightly from 2.5pc a month earlier.

However, this was down from 6.1pc in May 2023.

Services is expected to have the highest annual rate in July at 4pc, followed by food, alcohol and tobacco at 2.3pc.

Energy inflation is expected to be 1.3pc in July, jumping from 0.2pc in June.

Eurostat will also share estimates around job vacancies in the eurozone in the second quarter of 2024 on Wednesday.

The Irish League of Credit Unions’ consumer sentiment index for August will be published on Friday.

Consumer confidence improved in July, reaching its highest level in two-and-a-half years, as concerns ease about the cost of living.

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