Davy Research

Economic Debt & Credit Research

Irish Economy

Residential property price inflation to slow in June

Today’s Residential Property Price Index (RPPI) release for June should show house price inflation starting to slow from May’s 12.4% rate, especially in the capital, Dublin, where...

August 14 2018 | Conall MacCoille | Irish Economy | 4 pages

German growth beats expectations in Q2

This morning’s final major GDP release for Q2 for Germany beat expectations, rounding off a solid, if unspectacular, quarter of growth figures for the eurozone. German GDP was up 0.5%...

August 14 2018 | David McNamara | 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...

March 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...

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


Irish Economic Indicators

Irish economy Dublin house price inflation eases to single-digit pace

As expected, annual house price inflation eased in June to 12% from 12.4%, albeit prices were still up 1.1% on the month. In Dublin, prices were up 0.2% on the month and annual inflation... ...

August 14 2018 | David McNamara | Research Report | 4 pages

Irish economy Tax revenues continue to grow strongly

July’s exchequer returns show continued buoyant tax revenues, up 5.5% on 2017, but accompanied by sharp increases in public expenditure. Gross voted current expenditure is up 6.2% on... ...

August 2 2018 | David McNamara | Research Report | 4 pages

Irish economy Retail sales up strongly in Q2

Core retail sales were up marginally in June, by 0.1% on the month, and annual growth was 4.6%, ending another strong quarter for consumer spending in Q2 with sales up 1.2% on Q1 and... ...

July 27 2018 | David McNamara | Research Report | 4 pages

Irish economy House price inflation eases in May

As expected, annual house price inflation eased in May to 12.4% from 13.5%, albeit prices were still up 0.6% on the month. In Dublin, prices were up 0.5% on the month and annual inflation... ...

July 20 2018 | David McNamara | Research Report | 4 pages


UK Economy

Theresa May to propose a two-stage backstop for the Irish border

Sterling received limited support from Friday’s UK GDP data, which showed a bounce-back in Q2. The good news was tempered by a small 0.3% gain in consumer spending and with services...

August 13 2018 | Conall MacCoille | Research Report | 4 pages

Bank of England forward guidance on neutral rate could surprise

Given past messaging, the Bank of England’s MPC has little excuse not to follow through on a rate hike to 0.75% at its policy meeting today. Also, the MPC’s first estimate of the...

August 2 2018 | Conall MacCoille | Research Report | 4 pages

Draghi in holiday mode

An uneventful press conference left us little the wiser as to the ECB’s plans in the next year. The statement was broadly unchanged from June, although the tone of Draghi’s comments...

July 27 2018 | David McNamara | Research Report | 4 pages

UK household sentiment strong despite Brexit uncertainty

The latest Markit UK Household Finance Index showed that households were positive about their future finances for the first time since March 2016 and reported the fastest rise in...

July 23 2018 | David McNamara | Research Report | 4 pages


Debt & Credit Research

Monthly Debt Digest - Spring Back

April 13 2018 | Donal O'Mahony | Research Report |


ECONOMIC CALENDAR

August 15 2018

  • US : Industrial production, July
  • US : Retail sales ex auto, July
  • US : Retail sales ex auto and gas, July
  • US : Unit labour costs, Q2
  • US : Capacity utilisation, July
  • US : Nonfarm productivity, Q2
  • US : Retail sales advance, July

August 16 2018

  • EU : Trade balance SA, June
  • UK : Retail sales ex auto fuel, July
  • UK : Retail sales inc auto fuel, July
  • US : Initial jobless claims, August 11
  • US : Housing starts, July
  • US : Building permits, July

August 17 2018

  • US : University of Michigan sentiment, August

August 20 2018

  • EU : Construction output, June

August 22 2018

  • US : Existing home sales, July
  • US : Initial jobless claims, August 18

August 23 2018

  • EU : Markit eurozone composite PMI, August
  • EU : Consumer confidence, August
  • EU : Markit eurozone manufacturing PMI, August
  • EU : Markit eurozone services PMI, August
  • UK : CBI total dist. reported sales, August
  • UK : CBI retailing reported sales, August
  • US : Durable goods orders, July
  • US : New home sales, July
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