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BUSINESS NEWS JAN 18, 2008
Due to a technical problem on Wednesday Jan 16, we are upgrading the news management system which will be completed in coming days.

Business News Headlines to Jan 16 2008

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Average weekly earnings in Irish distribution and business services were up by 4.2 % in September 2007

European Central Bank reports tightening in Eurozone bank lending in the fourth quarter of 2007

Markets News Friday: Shares of leading US bond insurer plunges 51% triggering fears of deepening in credit crisis

Trichet says underlying Eurozone productivity trends are a “disgrace”

Japanese consumer confidence plunges to more than four year low

Friday Newspaper Review - Irish Business News and International Stories

China becomes world's top Gold producer ending South African dominance dating from 1905

Average weekly earnings in Irish distribution and business services were up by 4.2 % in September 2007

The CSO reported today that average weekly earnings of full-time employees in Irish distribution and business services were €708.56 in September 2007, compared with €679.73 in September 2006. This was an increase of 4.2 % in the year. The figures refer to employees in enterprises with five or more persons engaged.

Average weekly earnings in the distribution sector were €721.09 in September 2007, compared with a September 2006 level of €693.75, an increase of 3.9 % in the year.

In the business services sector, average weekly earnings were €701.44 in September 2007, compared with a September 2006 level of €671.80, an increase of 4.4 % in the year.

The breakdown of earnings into the different sub-sectors shows:

  • The highest average weekly earnings were recorded in the Post and Telecommunications sub-sector, with a level of €910.96 in September 2007.

  • The lowest average weekly earnings were in the Accommodation and Catering sub-sector, at €448.84 in September 2007.

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