Economic
A strong Q3 on the cards based on July and August tax receipts
August’s exchequer returns show that the Irish economy remains in a good place in Q3. Despite some volatility in tax receipts last month, all signs point to a robust performance for...
Energy drives inflation to 3.4%; core inflation moderates to 3%
Similar to Spain’s result last week, Irish inflation for August was driven higher by energy prices owing to renewed US-Iran conflict. This was somewhat offset by food prices, which were...
Corporation tax set for an Apple boost in August
We expect that Ireland’s inflation rate for August likely remained at about 3%, although upside risks to this include a faster increase in energy prices. With Apple’s corporation tax due...
Waiting for “go-slow”: payroll jobs growth still strong in Q2
June’s employee payrolls show a strong and steady performance for Ireland’s labour market in Q2, unlike last week’s survey-based findings. As we noted earlier this week, the survey’s...
Energy price-cap increase sees inflation pick up to 2.9% in July
July’s inflation increased to 2.9%, matching the latest consensus. While expected increases to energy prices were the driving factor, the results were still mildly hawkish in our view. For...
Another dovish labour market update for the UK
As we expected, this morning’s labour market update was again dovish. Private sector wage growth continues to track below the Bank of England’s (BoE) estimate for what would be...
UK data likely to show ongoing disinflation in June and July
A busy week ahead for macroeconomic data releases includes a number of updates for the UK, Ireland and the global economy. We expect ongoing disinflation will remain evident for the UK...
Another strong H1 for UK GDP, but a weaker H2 is again likely
UK gross domestic product (GDP) grew strongly in H1, with business investment and manufacturing the standout results in Q2. However, strong H1 growth has been quite typical in recent...
