Thursday, November 14, 2024

This week in business: Central Bank quarterly bulletin, Coimisiún na Meán report on digital news, and CSO figures on imports and exports

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Central Bank of Ireland governor Gabriel Makhlouf. Photo: Steve Humphreys

The Central Bank of Ireland will publish its second quarterly bulletin of the year on Tuesday.

This bulletin will feature commentary on the latest economic and market developments.

Central Bank governor Gabriel Makhlouf will also address the Global Interdependence Centre’s 42nd annual monetary and trade conference on Monday at the Federal Reserve Bank of Philadelphia in the United States.

Coimisiún na Meán is set to launch its digital news report on Monday. The research will provide updates on Irish trends on online news audiences, trust in the media and paying for the news in Ireland.

The Central Statistics Office (CSO) will publish an update on goods exports and imports for April on Monday.

So far this year, exports of goods have been on the rise. They grew by €2.3bn in the first quarter of 2024 compared with the same period in 2023.

On Wednesday, the CSO is set to share an update on the residential property price index for last month.

Prices in Dublin rose by 7.2pc in the year to March 2024, while prices outside of Dublin grew by 7.4pc in the same period.

A deep dive into foreign direct investment in Ireland in 2022 will be shared on Thursday by the CSO.

Earlier this year, it published an update that found foreign direct investment in Ireland rose to €1.28bn in 2022.

The main focus of the investment was the Irish services sector, according to this research, while the increase was attributed to the US.

The CSO will share an update on wholesale electricity prices for May.

Wholesale electricity prices fell by almost 30pc in the 12 months to April 2024 and are down 77.2pc from the peak in August 2022.

While the cost of electricity here is the fourth most expensive in the EU, households can expect further price cuts in electricity and gas as wholesale prices stabilise, according to a recent report from the Commission for the Regulation of Utilities.

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