DAVY VIEW

The main Irish data releases this week include August residential property prices and monthly payrolls. We expect continued growth above 2% for payrolls and that residential property prices will grow faster than our full-year forecast of 7%. UK productivity growth has been stronger than expected thus far in 2025, yet there is a widespread expectation that official forecasts will see a downgrade for next month’s Budget. This week’s data include retail sales, labour market and gross domestic product (GDP).