Business Irish

Saturday 22 July 2017

Week 24: Murphy to learn of planning approvals

Eoghan Murphy. Photo: Naoise Culhane
Eoghan Murphy. Photo: Naoise Culhane
Gavin McLoughlin

Gavin McLoughlin

Former junior finance minister Eoghan Murphy is getting something of a baptism of fire in his first senior ministerial role.

Mr Murphy is now responsible for Housing, and Central Statistics Office (CSO) figures released on Friday will provide him with information on planning permissions for the first quarter of the year.

AGM season is well and truly over now with only a few stragglers left to go. Newry-based First Derivatives, one of Northern Ireland's greatest business success stories, will have its AGM this week, however.

In Europe, the deluge of cash poured into the eurozone economy by the ECB appears to have finally resulted in solid, steady economic growth, along with rising inflationary pressures.

A flash Purchasing Managers' Index on the ­coming ­Friday will provide the first clue on whether the ­momentum, which suggested quarterly economic growth of 0.7pc, has carried into June.

Earlier this month, the ECB closed the door on more interest rate cuts, judging the bloc's economy to be rebounding, but said inflation looks to remain weak for years. (Additional reporting Reuters)

Irish Independent

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