Irish Economic Indicators
Irish residential property prices rise for the first time in six months
Yesterday’s Residential Property Price Index (RPPI) for June rose by 0.6%, the first gain since December after five consecutive months of decline. Prices rose by 0.3% in Dublin, breaking...
Irish Construction PMI falls to 45.6 in July
This morning’s Irish Construction PMI at 45.6 in July, signalling a fresh contraction after stability in June, is surprising. The readings are not consistent with the recent pick-up in...
Residential property price and mortgage approvals data point to resilient Irish housing market
Taken together, this morning’s Banking & Payments Federation Ireland (BPFI) mortgage approvals data and yesterday’s Residential Property Price Index (RPPI) point to the resilience of...
Irish Construction PMI points to activity improving in H2
This morning’s Irish Construction PMI at 49.4 in May is still below the 50 no-change level but suggests that activity will pick up in the coming months. New orders rose for a fourth...
Irish residential property prices fall for third successive month
We had flagged that Irish residential property prices would likely fall in early 2023, so the 0.6% decline in the Residential Property Price Index (RPPI) in March is not a surprise. Given...
Irish Construction PMI at 48.4 in April
This morning's Irish Construction Purchasing Managers’ Index (PMI) at 48.4 signals another contraction in activity, despite small rises in employment, new orders and purchasing activity...
Irish Manufacturing PMI falls to 48.6 in April
This morning’s manufacturing PMI at 48.6 in April shows the sharpest decline in output since November, the sector being affected by the broader downturn in Europe. However, firms are...
Ireland’s public finances continue to beat expectations
Ireland’s public finance data for March showed a buoyant 15% growth rate in tax receipts in Q1 to €19.7bn. This is well ahead of official forecasts and suggests that jobs creation,...
Irish manufacturing PMI falls to 49.7 in March
This morning’s Irish manufacturing for March is a little disappointing, falling back to 49.7, albeit still stronger than the flash euro area (47.1) and UK (48.0) readings. Export orders saw...
Irish mortgage approvals in February down 8% on the year
Mortgage approvals of €945m in February are down 8% on the year, but mainly due to the surge in refinancing activity in 2022 falling away. Nonetheless, house purchase approvals of...
