Economic
Irish goods exports fell in June; previewing a busy week ahead
While last week’s data showed a fall in goods exports in June, we again note the limits of these data for understanding the real Irish economy; Q2’s increase in employee payrolls growth...
Payrolls data point to ongoing strong job creation this year
Despite last week’s upward revisions to the unemployment rate, the latest employee payrolls data for June suggest continued strength for Ireland’s labour market in 2025. With typical...
Despite revised jobs data, Ireland remains fully employed
Ireland’s monthly unemployment rate was revised considerably higher last week. Similar revisions have taken place in recent years however, and we note two likely statistical drivers for...
Consumers keep spending as corporation tax spikes again
The latest monthly data for June (monthly card payments) and July (exchequer returns) were published yesterday (August 6th). The card payments data point to a continued strong...
Record employment in Q2 despite tariffs uncertainty
Despite widespread fears that tariff-driven uncertainty would lead to a notably weaker Irish economy, Q2 saw a record level of employment above 2.8m for the first time. The...
Residential property prices rise strongly again in June
Irish residential property prices grew strongly once again in June, in line with an established seasonal pattern. The volume of transactions has been boosted considerably this year by...
A new record month for corporation taxes in June
Corporation tax continued its year-to-date pattern of extreme volatility in June, more than compensating for weaker receipts in May. This augurs well for full-year 2025 receipts since...
Consumer spending enters 2025 on a strong footing
The Irish economy began 2025 in good shape. Tailwinds from strong labour demand have been helped along by lower interest rates and a decline in headline inflation, which remains the...
Another month, another adverse inflation result
This morning’s UK consumer price inflation (CPI) result further weakens the case for easing this year until there is evidence that disinflation has resumed. Prices grew faster than...
Growth outperforms forecasts again in Q2
Despite widespread expectations that the UK economy would struggle this year as a result of Labour’s Budget last autumn, growth has been stronger than expected in the first half of...
A hawkish Bank Rate cut after an unprecedented second vote
As it did in August last year, the Bank of England’s Monetary Policy Committee (MPC) voted narrowly for a cut to Bank Rate. This is despite solid economic growth, above-target inflation...
Faster June inflation weakens the case for two rate cuts in H2
UK inflation was rapid in June, especially for core inflation which grew 0.4% compared to May and double the consensus expectation of 0.2%. In annual terms, overall and core inflation of...
