Irish Economy
July payrolls data show strong labour market continued in Q3
In keeping with exchequer returns for July and August, employee payrolls data for July point to the continued strength of Ireland’s labour market. We estimate annual growth remained...
More evidence of momentum in August housing starts data
Further to this morning’s bumper Q2 data for new units granted planning permission – up by 60% – this afternoon brought August figures for housing starts. While a headline increase...
Planning permissions jumped 60% in Q2
We see evidence of a strongly improved pipeline for new housing completions later this decade in today’s planning permissions data for Q2. The 60% annual increase is broadly based...
Residential property prices accelerated in July
After rebounding strongly into the summer months from a soft start to the year, residential property prices accelerated in July with a faster monthly pace of growth compared to...
US and UK rates in focus this week
We see a US rate hike this week as increasingly likely and justified by economic fundamentals. There is also a need to underscore institutional independence and credibility in the face of...
Ireland’s growth story is broader than it is often portrayed
Modified domestic demand provides only a partial view of how the Irish economy is really performing. A decline in non-residential construction so far this year has been a drag on growth,...
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...
