Opening Bell: Philip Lane's Brexit warning, construction up, Eurozone set for Greece talks

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Recruitment website Indeed has revealed that online searches from the UK were up 20% on average in the 100 days after the Brexit referendum.

It has been claimed that being the only English-speaking EU member makes Ireland an attractive location for British job seekers and the new stats appear to back it up.

Company spokesman Mariano Mamertino says there was an initial massive peak in job searches within hours of the Brexit result:

"Maybe fear and emotional reactions were driving people in the hours right after the announcement of the Brexit vote.

"It might be that now that people are now making more informed decisions and looking for jobs in other labour market s across Europe, including Ireland which is actually one of the most popular destinations."


The Governor of the Central Bank has warned that further market volatility is to be expected as Britain begins the process of leaving the European Union.

Speaking while attending the International Monetary Fund (IMF) annual meetings in Washington, Philip Lane called Brexit "a disruptive event that has adverse implications for both the UK and EU economies".

He advised that policymakers must focus on negotiating a new UK-EU settlement that has long-term benefits for both parties.

Last week, the Central Bank reduced its 2017 growth forecast for Ireland from 4.2% to 3.6%, warning of further downside risk due to Brexit.


The Irish construction sector is continuing to expand, thanks to a jump in new business.

Ulster Bank's construction purchasing managers' index (PMI) climbed to 58.7 for October – with the 50 line separating growth from contraction.

Growth was reported across the three categories of housing, commercial and civil engineering, with Ulster Bank's report citing rising workloads as fuelling the increases in purchasing activity and employment.

Construction activity has been rising continuously since September 2013.


Eurozone finance ministers are in Luxembourg today for their monthly meeting, with talks set to focus on the state of Greece's third bailout. 

They will examine whether the country has successfully implemented the 15 key economic overhauls it needed to complete in order to receive financial aid worth €2.8bn.

They will then be joined by their colleagues from the rest of the EU on Tuesday to discuss funding for climate change and the implementation of the EU's banking union.

Reuters has reported that the IMF is unlikely to be part of the Greek bailout programme.