Economic
New housing completions data for Q4 due on Thursday
In a quieter week for data releases, our focus is on Q4 new housing completions data for Ireland. Residential property prices for November are also due, and we expect to see an...
New coalition targets 300,000 jobs and new homes by 2030
The major focus of the draft Programme for Government is on infrastructure delivery, and this is welcome given Ireland's large shortfalls. The key number in the 162-page document is...
Consumer prices data for December in focus this week
The main data releases of note this week are consumer prices for December. UK services inflation continues to be important for the Bank of England’s scope for cutting bank rate, and...
December exchequer returns in focus this week
The first full week of the new year begins today with December’s exchequer returns. Other notable data releases this week include flash inflation for the Euro area and US labour...
Expansionary Budgets add to a strong economy in 2024
The December Exchequer returns suggest strong economic activity in 2024, boosted by successive expansionary Budgets. Voted current and capital spending each grew faster than...
Transactions for new homes climb 26% in October
Residential property prices grew 9.7% in October, close to the double-digit rates seen in recent months. However, rapid increases in Q4 last year mean some reduction in headline growth...
Ireland’s Exchequer begins to receive back-taxes from Apple
While October is not a crucial month for the Irish Exchequer, volatility of recent years continued with a near-trebling of corporation tax. This was driven by the first arrival to the...
Revising down our housing completions forecast for 2024
Despite an improvement on H1 2024, this morning’s update for housing completions in Q3 marks an inopportune pre-election result for the government. Output over the past four quarters...
Services disinflation boosts the case for Bank Rate cuts in 2025
UK inflation declined marginally in December, helped by services price disinflation. This marks an improvement on recent months, especially for a subset of non-volatile services (excluding...
Invest, invest, invest: Labour’s plan to restore UK growth
Labour’s first Budget since 2010 was delivered this afternoon by Chancellor Rachel Reeves. Higher investment has been facilitated by a new fiscal rule targeting a broader measure of...
Grounds for optimism about the UK economy in H2 2024
The UK economy was flat in June and grew 0.6% in Q2, in line with consensus forecasts. However, we believe there are grounds for optimism heading into the second half of the year....
UK services inflation slows in July
UK inflation was lower than expected in July, driven by slower services inflation, which grew 5.2% in year-on-year (yoy) terms. This supports the view that disinflation is progressing and...
