DAVY VIEW

This week will see an update to Ireland’s national accounts for 2025. We expect upside risks will materialise to our above-consensus forecasts for economic activity, with consumer spending and wage income likely to be revised upwards. June’s flash inflation reading is also due; we expect a decline to 3.1% from 3.5%. June’s exchequer returns will also provide important indications of Ireland’s likely fiscal surplus this year given the importance of corporation tax paid this month and in November.