Person: Oliver Mangan

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Person: Oliver Mangan

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>AIB Purchasing Managers’ Index surveys purchasing managers working in factories who have a good perspective of the overall trading, order books, and costs of materials. iStock</p>

economy

Exports subdued but Irish manufacturing recruitment is on the rise

The AIB Purchasing Managers’ Index also showed conditions here are still better than the eurozone and in Britain where manufacturing activity continued to contract last month

Oliver Mangan: Corporation tax boost when rate for large firms rises to 15% next year

<p>AIB found that, during October, only two sectors in the services industry recorded growth — the technology, media, and telecoms sector and the financial services sector. </p>

companies

Growth in services sector slows for sixth month in a row

Oliver Mangan: Clear core inflation is now on a downward path virtually everywhere

Woman working at a restaurant

economy

Service providers continue to pass on costs as inflation remains 'sticky'

Hawkish tone of 'higher rates for longer' mantra hammers global markets

Lower export sales hit Irish factories

Lower export sales hit Irish factories

In the latest AIB Purchasing Managers Index, manufacturers reported a decline in spending among their clients, which created lower production volumes compared to August.

Mon, 02 Oct, 2023

Oliver Mangan: Markets expect ECB to start cutting interest rates by mid-2024

Oliver Mangan: Markets expect ECB to start cutting interest rates by mid-2024

Stagflation could remain the order of the day for the Eurozone into next year, with a risk that the economy could fall into recession

Mon, 18 Sep, 2023

Joe Biden

Oliver Mangan: The US dollar has had the upper hand over the summer

Continuing strength of the dollar is very much linked to the ongoing impressive performance of the US economy and relatively high US interest rates

Mon, 11 Sep, 2023

NFC: It's payment made simple

Service sector continues to pass on costs to consumers

Service businesses continued to pass on operating costs to consumers through higher selling prices last month as inflation rose to 4.9% in August, compared to 4.6% the previous month.

Tue, 05 Sep, 2023

Oliver Mangan: Marked deceleration in rate of growth in the Irish economy

Oliver Mangan: Marked deceleration in rate of growth in the Irish economy

First quarter of this year saw a sharp decline in the output of multinationals operating in the manufacturing sector

Mon, 04 Sep, 2023

Oliver Mangan: Why the US economy continues to outperform Europe

Oliver Mangan: Why the US economy continues to outperform Europe

The US has been outperforming the European economy for many decades and continues to do so, reflecting stronger labour force and productivity growth

Mon, 07 Aug, 2023

Irish factories take summer hit amid manufacturing downturn in Europe

Irish factories take summer hit amid manufacturing downturn in Europe

Survey findings show the effects of rapid interest rate increases in Europe and the US

Tue, 01 Aug, 2023

European Central Bank President Christine Lagarde Rates Decision News Conference

Oliver Mangan: Is there light at the end of the rate hike tunnel?

The ECB will need to inflation forecasts revised lower so has left its options open about raising rates again

Mon, 31 Jul, 2023

Oliver Mangan: Domestic economy performs even as export growth slows

Oliver Mangan: Domestic economy performs even as export growth slows

Data shows sharp decline in manufacturing output from the multinational sector so far this year after a boom 2021-22

Mon, 24 Jul, 2023

'Robust' services economy boosted by foreign tourists

'Robust' services economy boosted by foreign tourists

The AIB Purchasing Services Managers' Index showed that services output was still expanding sharply.

Tue, 06 Jun, 2023

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts

Coalition warned not to use 'excess' revenues for tax cuts

Irish Fiscal Advisory Council urges Government to put 'excess' corporate tax receipts into a reserve fund

Thu, 01 Jun, 2023

Meta layoffs expected

Oliver Mangan: Job numbers continue to rise despite Big Tech layoffs

Labour market experiencing very strong growth, with the labour force expanding by 44,000 in the first three months of the year

Mon, 29 May, 2023

London aerial views

Oliver Mangan: The British economy is down, but not out

The shifts in the Bank of England’s macro forecasts have been quite dramatic over the past six months

Mon, 22 May, 2023

House building

Oliver Mangan: Sweet spot means we can tackle housing and services constraints

Unemployment is also projected to remain very low at 4.5% over the next three years, and inflation is seen falling back to around 2%

Mon, 01 May, 2023

FRANCE-ECONOMY-E-COMMERCE-AMAZON

Oliver Mangan: US data will need close watching in the months ahead for signs of a recession

US economy could be most at risk of a downturn, given the stresses in the banking system have been most evident there, and concerns are also greatest about a tightening in credit conditions

Mon, 17 Apr, 2023

Oliver Mangan: Widening profit margins helping drive underlying inflation

Oliver Mangan: Widening profit margins helping drive underlying inflation

There was a welcome sharp fall in the headline rate of inflation in the eurozone for March as the sharp jump in energy prices following the Russian invasion of Ukraine early last year started to drop out of the annual calculations.

Mon, 10 Apr, 2023

GERMANY-EU-ECB-BANKING-INFLATION

Oliver Mangan: Markets start to price in rate cuts for this year

The stresses that have emerged in parts of the global banking system, and the associated volatility this has generated on financial markets are now weighing on central banks' monetary policy decisions.

Mon, 27 Mar, 2023

Hands of a female clerk who disinfects alcohol

Employers 'completely dependent' on non-EU workers, tourism chiefs say

Filling jobs remains one of the biggest challenges of the hospitality sector

Tue, 07 Mar, 2023

UK population figures

Oliver Mangan: Inflation proving tough to crack

A tight labour market putting upward pressure on wages along with weak supply output in areas such as housing could make restoring price stability a tough challenge for central banks

Mon, 06 Mar, 2023

Upbeat Irish manufacturers continue to hire more staff but cost pressures are still looming

Upbeat Irish manufacturers continue to hire more staff but cost pressures are still looming

AIB Purchasing Managers Index is increasingly positive with a rise in new orders in February for the first time in nine months

Wed, 01 Mar, 2023

Germany European Central Bank

Oliver Mangan: Central banks to keep the pedal to the floor over rate hikes

Banks indicating policy will need to be kept tight for a long time to return inflation to target

Mon, 27 Feb, 2023

Currencies

Oliver Mangan: Difficult to see sterling recover lost ground on bleak outlook for UK

British economy underperforming due to ongoing negative impact of Brexit, anaemic labour force growth and declining inward migration from the EU

Mon, 20 Feb, 2023

Times square in New York City

Oliver Mangan: US employment surges as inflation declines

Is the soft landing for the US economy, that even the US Federal Reserve had doubts could be achieved, coming into view? US Treasury Secretary Janet Yellen seems to think so: She said last week she sees a path for the US economy to avoid recession, ...

Mon, 13 Feb, 2023

Oliver Mangan: Markets are not convinced that inflation will fall back to 2%

Oliver Mangan: Markets are not convinced that inflation will fall back to 2%

Given the weak economic outlook, interest rates would be expected to be much lower than markets are predicting if inflation has been vanquished in two years’ time

Mon, 05 Dec, 2022

Oliver Mangan: Few workers leave Irish economy very reliant on labour from overseas

Oliver Mangan: Few workers leave Irish economy very reliant on labour from overseas

Strong inflows of foreign direct investment have been a key factor behind the extraordinary growth in output, exports and employment enjoyed by the Irish economy in the past couple of years.

Mon, 28 Nov, 2022

Irish factories record drop in new orders, easing supply pressures

Irish factories record drop in new orders, easing supply pressures

Inflationary pressures remain high for factories despite some easing in supply and capacity constraints

Mon, 03 Oct, 2022

Jerome Powell

Oliver Mangan: The view now is that rates will have to remain high over the medium term

Expectations for policy easing during 2023 have largely evaporated everywhere, with eurozone rates expected to be about 2.75% in three years’ time

Mon, 26 Sep, 2022

SGN helps Scots with their energy bills

Oliver Mangan: Surging gas prices remain big inflation risk

Food, alcohol, and tobacco price inflation in Ireland is running at 8%, housing and utility bills at 22%, transport at 19%, and restaurants and hotels at 7.5%

Mon, 22 Aug, 2022

Russia Energy Project

Oliver Mangan: Mighty dollar will continue to strengthen against the euro

As long as US Federal Reserve keeps raising rates faster than ECB

Mon, 15 Aug, 2022

Coronavirus - Wed Dec 1, 2021

Oliver Mangan: British economy running on empty with inflation seen peaking at eye-watering 13%

Bank of England forecasts recession for British economy next year, with incomes declining by almost 4%

Mon, 08 Aug, 2022

Irish manufacturing slows sharply as inflation pressures mount at near record pace

Irish manufacturing slows sharply as inflation pressures mount at near record pace

AIB Purchasing Managers’ Index found that firms are hiking prices as input costs increased

Tue, 02 Aug, 2022

Stocks Rally, Yields Sink on Powell's Reassurance

Oliver Mangan: Markets call the odds of recession in US

The US economy contracted in both the first and second quarters this year, though the falls were modest, the latest official figures show. No doubt, this will only add to the debate about whether or not the economy is in recession.

Mon, 01 Aug, 2022

Oliver Mangan: ECB may stop raising interest rates by the end of next year

Oliver Mangan: ECB may stop raising interest rates by the end of next year

Financial markets remain very volatile as they are buffeted by the twin forces of slowing global activity and a continued rise in inflationary pressures.

Mon, 04 Jul, 2022

Christine Lagarde Holds Press Conference Following ECB Governing Council Meeting

Oliver Mangan: Avoiding recession and achieving a soft landing going to be tough for central banks

Slowing activity without pushing the economy into recession is hard to do at times of high inflation

Mon, 16 May, 2022

Rise in manufacturing input costs remains 'intense'

Rise in manufacturing input costs remains 'intense'

'Companies widely reported passing on higher costs to customers,' the latest AIB Purchasing Managers’ Index reported.

Tue, 01 Mar, 2022

China Power Crunch

Irish factory cost inflation rises fastest in 23-year history of survey as output booms

Conditions are described as 'robust', despite surge in prices of energy and raw materials caused by supply chain bottlenecks

Mon, 01 Nov, 2021

Oliver Mangan: GDP figures mask difficult year for Ireland's domestic economy

Oliver Mangan: GDP figures mask difficult year for Ireland's domestic economy

The economy started to emerge from lockdown in April and all the signs are of an exceptionally strong rebound in domestic activity since then

Mon, 09 Aug, 2021

Commuters As Companies Expand In City In A 'Silent Brexit'

Oliver Mangan: Covid leaving deep scars on Irish economy, but glass still half full, not half empty

Strong exports and the successful vaccination programme have laid the basis for a sustained and robust recovery

Mon, 05 Jul, 2021

Interest rates

Oliver Mangan: Why the return of the Roaring Twenties is unlikely

Given the growing optimism about a strong economic rebound, minds are turning to when the Bank of England might tighten policy

Mon, 10 May, 2021

Oliver Mangan: Markets not celebrating Covid-19 rear-view mirror growth figures

Oliver Mangan: Markets not celebrating Covid-19 rear-view mirror growth figures

Economist Oliver Mangan says retail spending figures point to a strong rebound over the summer but stock market are still falling back

Tue, 03 Nov, 2020

US election adding to long-term uncertainty for dollar

US election adding to long-term uncertainty for dollar

The currency appreciated in the 1990s, fell during the first decade of this century before appreciating over the past decade. It is now at elevated levels

Mon, 19 Oct, 2020

Oliver Mangan: Not the time for governments to pare back Covid-19 economic supports

Oliver Mangan: Not the time for governments to pare back Covid-19 economic supports

The number of new coronavirus cases has increased in recent weeks in many countries, posing a growing threat to the economic recovery. Governments, particularly in Europe, are responding by introducing partial lockdowns and increased restrictions.

Mon, 28 Sep, 2020

Oliver Mangan: As stock markets soar, others are less convinced about the Covid-19 rebound

Oliver Mangan: As stock markets soar, others are less convinced about the Covid-19 rebound

Stock markets continue to be underpinned by the run of good data from economies emerging from the great lockdown imposed to contain the spread of Covid-19.

Mon, 06 Jul, 2020

Oliver Mangan: Even a bare-bones Brexit deal would be preferable at this point

Oliver Mangan: Even a bare-bones Brexit deal would be preferable at this point

The EU-UK trade talks have made very little progress over the first half of the year.

Mon, 29 Jun, 2020