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Latest Dublin Economic Monitor Shows Level of Dormancy in the Capital

The latest Dublin Economic Monitor (DEM), published this morning by the four Dublin Local Authorities, shows that although the Dublin economy remains severely impacted by Covid-19, it is prepared for recovery once conditions permit. Dublin’s IHS Markit Purchasing Managers’ Index (PMI) showed a decline in business activity in Q4 2020 as both new orders and employment levels reduced. The services sector was the main contributor to this decline with its PMI dipping to 48.0 in the quarter, thus critically crossing the 50 mark which separates growth from contraction. The overall PMI for the Capital stood at 49.2, down from 51.2 in Q3 2020. According to data from MasterCard, retail spending in the Capital fell by 4.8% QoQ in Q4 2020, but remained 1% above the same quarter in 2019. The main driver of this YoY increase was eCommerce (+44%), though both Entertainment (-70.1%) and Discretionary (-47.2%) spending remained at exceptionally low levels compared to a year previous.

Packed House Seals New Deals with M&Ms and Grant Thornton

Packed.House Seals New Deals with M&Ms and Grant Thornton January 29, 2021 The media and production company, Packed.House has secured the Mars-owned M&Ms brand as the sponsor of its on-demand and streaming section on entertainment.ie for a second year the second year in a row. The partnership was brokered by Medicom. M&Ms will take full ownership of the on-demand and streaming section on entertainment.ie for the year bringing readers recommendations of movies and shows to watch arranged by genre. The Packed.House development team has also built a real time M&M’s On Demand Recommender widget which is populated frequently by the entertainment.ie editorial team with recommendations.

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