Davy Research

Economic Debt & Credit Research

Irish Economy

MyHome Property Report, Q1 2017: House price inflation accelerates in early 2017

MyHome asking price data show prices up 5.5% in Q1 2017, up 9% on the year. In Dublin, prices rose by 6% on the quarter – up 10.2% on the year. The price of newly built homes is up 12%...

Apr 3 2017 | Conall Mac Coille | Irish Economy | 9 pages

Key insights from Davy Irish economy institutional investor event in London

On March 30th, Davy hosted an event in London discussing the outlook for Ireland’s economy with institutional investors. Irish GDP growth has beaten expectations, up 5.2% in 2016, and is...

Apr 3 2017 | Conall Mac Coille | Irish Economy | 4 pages

Irish economy: labour market recovery has further to run

The recent sharp decline in the unemployment rate to 6.6% begs the question of how much further the recovery has left to run. We think there is still plenty of slack in the labour...

Mar 3 2017 | David McNamara | Davy Economics Monthly | 8 pages

Eurozone and UK: prospects diverge in post-Brexit Europe

In our January issue of Davy Economics Monthly, we highlight the diverging outlook for the eurozone and UK economies in 2017. Concerns around political events – namely, elections in...

Jan 18 2017 | David McNamara | Davy Economics Monthly | 11 pages


Irish Economic Indicators

Irish Economy Irish house price inflation back in double-digit territory at 10.7%

Today’s Irish Residential Property Price Index (RPPI) shows a sharp acceleration in price inflation to 10.7% in February from 8.1% in January. The RPPI index rose by an enormous 1.5% in... ...

Apr 19 2017 | Conall Mac Coille | Research Report | 1 page

Irish Economy Export growth robust in Q1 2017

Trade data for February show that exports have started the year on a solid footing. Goods exports were up 3.4% on the month and 15.5% on the year, driven by increases in both... ...

Apr 18 2017 | David McNamara | Research Report | 1 page

Irish economy Exchequer Returns, March: Public finances behind target early in 2017, but too early for concern

Accounting for a timing effect relating to the country’s EU budget contribution, Ireland’s public finances were close to €200m behind budget targets in the first quarter of 2017. Weak... ...

Apr 4 2017 | Conall Mac Coille | Research Report | 1 page

Irish Economy Unemployment rate falls to 6.4% in March

Labour market data for March show that unemployment fell to 6.4% from 6.6% in February. Unemployment is now at its lowest level since June 2008. At face value, the headline data... ...

Apr 4 2017 | David McNamara | Research Report | 1 page


UK Economy

Budget 2017 plots a cautious path

Today’s UK Spring Budget provided very few headlines. The government’s fiscal position is expected to be broadly unchanged in 2022, leaving the Chancellor little wiggle room within his...

Mar 8 2017 | David McNamara | Research Report | 4 pages

UK construction sector set for weak 2017

Outside of housebuilding, the UK construction sector in 2016 had one of its worst years since the recession with output expanding by just 1.6% compared to a 3.6% gain in 2015. We...

Feb 21 2017 | David McNamara , Conall Mac Coille | Research Report | 11 pages

New UK economy forecasts

We have revised up our forecasts for UK GDP growth to 1.5% in 2017 and 1.2% in 2018, close to the current consensus. The big picture is that the UK economy will see GDP growth below...

Feb 20 2017 | Conall Mac Coille | Research Report | 8 pages

Council of Mortgage Lenders revises down projections for UK mortgage market

Yesterday (December 15th), the Council of Mortgage Lenders (CML) revised down its projections for UK mortgage lending in 2017 by 5% to £248bn. This represents marginal growth from...

Dec 16 2016 | Conall Mac Coille | Research Report | 1 page


ECONOMIC CALENDAR

April 27 2017

  • EU : ECB main refinancing rate, April 27
  • GER : Consumer price index, April
  • IRE : Overseas travel, January-March
  • US : Initial jobless claims, April 22
  • US : Durable goods orders, March
  • US : Wholesale inventories, March

April 28 2017

  • IRE : Retail sales index, February
  • IRE : Credit aggregates, March
  • US : Chicago purchasing manager, April
  • US : University of Michigan sentiment, April

May 1 2017

  • US : ISM manufacturing, April
  • US : Markit US manufacturing PMI, April

May 2 2017

  • UK : Markit UK PMI manufacturing, April

May 3 2017

  • US : FOMC rate decision (upper bound)
  • US : FOMC rate decision (lower bound)

May 4 2017

  • UK : Mortgage approvals, March
  • US : Initial jobless claims, April 29th
  • US : Factory orders, March

May 5 2017

  • IRE : Industrial production, March
  • IRE : Unemployment rate, April
  • US : Change in nonfarm payrolls, April
  • US : Durable goods orders, March
  • US : Unemployment rate, April
More Details