Irish Economic Indicators
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...
Expansionary Budgets add to a strong economy in 2024
The December Exchequer returns suggest strong economic activity in 2024, boosted by successive expansionary Budgets. Voted current and capital spending each grew faster than...
Transactions for new homes climb 26% in October
Residential property prices grew 9.7% in October, close to the double-digit rates seen in recent months. However, rapid increases in Q4 last year mean some reduction in headline growth...
Ireland’s Exchequer begins to receive back-taxes from Apple
While October is not a crucial month for the Irish Exchequer, volatility of recent years continued with a near-trebling of corporation tax. This was driven by the first arrival to the...
Revising down our housing completions forecast for 2024
Despite an improvement on H1 2024, this morning’s update for housing completions in Q3 marks an inopportune pre-election result for the government. Output over the past four quarters...
Tax receipts continue to signal rapid economic growth
September’s tax receipts continue to support our view that the economy is on course to grow by at least 4.5% this year. However, the expansionary nature of Budget 2025 and higher...
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...
