Friday, September 27 12:43:38
According to the latest insolvency statistics published today there is a 20pc drop compared with the same period last year. Corporate insolvencies for the first nine months of 2013 stand at 1,025 compared to the corresponding figure of 1,282, from last year. The figure for September this year was 105 compared with 112 for September 2012, a decrease of 6pc.
There was positive news for the construction sector as corporate insolvencies for the period January to September 2013 (256) is down 17pc when compared with January to September 2012 (312).
The PMI also reported strengthened sentiment among construction firms regarding the 12-month outlook for activity in August and was the highest since January 2007. In addition recent figures released from Central Statistics Office (CSO) also revealed a 37pc increase in approved planning permissions for dwelling units in the second quarter of 2013 compared with the same period in 2012.
Despite the governments tourism initiative 'The Gathering', there has been a 2pc rise in hospitality corporate insolvencies from January to September 2013 (118) compared to January to September 2013 (116).
The new number plate initiative appears to have worked well in the motor industry as new car sales were up 20pc in August- 3,968 cars were sold compared to 3,092 in August 2012.
Alan Nolan, a spokesperson for The Society of the Irish Motor Industry (SIMI) said, "we are pleased with the increase in sales in August. July and August accounted for 22pc of new car sales so far this year, compared to just 10pc for the same period last year, so the new plate is spreading sales, which was the main aim of its introduction".