Economic
2026 inflation is on course to undershoot most forecasts
The full print for Ireland’s inflation in July showed an overall rate in line with the flash indicator published two weeks ago. However, some revisions saw a smaller decline in energy prices...
Weak payrolls reduce pressure on the Federal Reserve to hike
Last week’s labour market update for the US economy was quite mixed, with downward revisions to payrolls this year and a surprise decline in July. A marginally lower unemployment rate...
Economy’s strength evident in blowout tax receipts for July
The key takeaway from July's exchequer returns is ongoing real-time strength for the Irish economy into H2. The labour market remains robust, as indicated by income taxes, social...
Spending growth has matched economic growth since 2019
Recent days have seen several new reports and data releases. The Mid-Year Expenditure Report (MYER) reiterates the Government’s aim, outlined in last week’s Summer Economic...
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...
Energy prices help inflation to moderate further in June
Headline inflation moderated to 2.6% for the UK in June, well below 3.1% last forecast by the Bank of England (BoE). Lower energy prices benefitted from last month’s ceasefire, though...
Revisions imply downside risks to 2026 UK GDP growth
This morning’s UK GDP revisions show an unchanged pace of quarterly growth in Q1 2026, but downward revisions to Q3 and Q4 2025 mean a lower annual pace of 0.9% to begin this year....
Bank Rate held at 3.75% with little update to forward guidance
Despite this week’s deal between Iran and the US, rate setters at the Bank of England (BoE) are content to retain a wait-and-see outlook before committing firmly to any change in...
