Monday 23 October 2017

Dublin Airport traffic

While Gerard Depardieu simply couldn't wait for a pee on his way to Ireland other travellers have been a bit stronger on the bladder front. Dublin Airport saw a 1 per cent increase in the number of July passengers travelling through its gold-plated white elephant Terminal 2 and the other yucky bit. About two million passengers used the airport last month. Passenger volumes are up 5 per cent in the first seven months of the year compared with the same period last year. But which direction are they going?

11890 enquiries

Maybe it's the conversations that begin "I'm not racist but. . ." Or maybe it's just the smell. But one thing is becoming clear -- the use of taxis is slipping. Directory enquiry firm 11890 points to a 7 per cent drop in taxi number queries over the last year. This signals a weakness in low to mid-level consumer spending.

10-year Irish bond yield

At this stage it looks as if Angela Merkel and Nicolas Sarkozy would struggle to figure a way out of a damp paper bag. World markets tanked on fears of a massive global double-dip recession. Ibec's Danny McCoy forecasted a big recovery. . . but stock markets continued to tank on fears of a massive global double-dip recession. But at least 10-year bond yields continued to fall.

Latte sales

Coffee sales at Bobby Kerr's Insomnia rose by 2 per cent compared to the same week last year, driven by increased flat white and americano volumes. Sub-€5 spending is still holding up. It just gets a bit stickier above that level.

20 equally weighted shares on ISEQ

Our basket of equally weighted ISEQ shares slipped 2.5 per cent last week as fears of a global double-dip recession, euro sovereign debt damp squibs and the threat of a financial transaction tax smashed into world markets. Ireland was one of the best performers too. Iceland is about the only western country to have a stock market that's actually up this year.

Ratio of new enterprises/ companies closing down

On average, we have seen over 300 companies closing weekly in this country over the past month. However, last week saw the demise of 189 businesses, set against the birth of 721 new enterprises. The ratio rose to 3.81 as Irish entrepreneurs ate their Weetabix.

Lipstick sales

There's a theory that suggests in times of recession consumers spend less on big-ticket items like cars but replace them with smaller luxury goods such as lipstick. There was a stonkingly big jump in Ebay.ie lipstick sales from January to date -- rising 29 per cent. The autumn outlook means lots of brightly coloured lips but this is not the most positive thing for the economy.

Dublinbikes.ie ~ stats (part 2)

The astoundingly successful bike-rental scheme in Dublin had its busiest day of usage so far last July 13 with 6,820 rentals. The average journey time is 13 minutes; 67 per cent of long-term subscribers are males; while 57 per cent are aged between 18-35 years. In Celtic Tiger days, people paid to sit in a taxi for these short journeys, whereas now they are choosing to travel using the cheaper, green alternative.

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