Business World

Saturday 3 December 2016

Tourism

Published 29/05/2011 | 05:00

President Obama's 400-strong entourage and the Queen's legion of equerries certainly kept the hotels of Ireland full. Trips to this fair island were up by a fairly considerable eight per cent in the first couple of months of the year compared with the same period in 2010. It's got to be good.

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10-year Irish bond yield

Uh-oh. The boost from Obama's "Is Feidir Linn" and the Queen's visit didn't last long. The Greeks gave everyone the bum's rush. Ireland's 10-year bond yields went haywire, soaring from 10.445 per cent to a record 11.06 per cent as the threat of a Greek default grew considerably. It's squeaky bum time.

Coffee sales

Coffee sales at Insomnia have seen a five per cent jump compared to the same week in 2010. Insomnia tells us that the success of its 'flat white' coffee is a big driver of this growth.

Put/call ratio on silver

Volatility calmed in this precious metal last week as the buyers won out in driving the price of silver higher. The put/call ratio fell by 4.6 per cent as the panic over the past month decreased.

Ratio of new enterprises/ companies closing down

This ratio continues to grow and GROW. Another record number was recorded for this indicator as for every company that folded, 8.9 enterprises opened! This is the fourth massive increase in a row as May has been a spectacular month for interest in Irish indigenous business.

Fuel prices

While petrol held its own at around the €1.519 mark last week, there was a dramatic fall in the price of diesel -- about blooming time! The cost of a litre of this fuel fell from €1.459 to €1.399.

Google searches on restaurants

The number of internet searches for 'restaurants' in our three main cities fell back to levels seen a fortnight ago at 9,570. After witnessing a spectacular surge in searches for Cork restaurants two weeks ago, the number decreased last week. Their urban counterparts in Dublin and Galway remained flat.

Stock of properties for sale on Daft.ie

The volume of properties available on the market increased slightly last week, rising from 58,706 to 58,974 and this is attributable to increased supply on all types, apart from the 'one-bed' market.

Export numbers

Based on figures released last week by the Irish Exporters Association, there was a 9.4 per cent export growth recorded for the first three months of the year. This particular indicator has looked extremely positive for some time and is providing a welcome boost to Irish GDP. Some say it's the way out of recession.

Sunday Indo Business

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