Davy Research

Economic Debt & Credit Research

Irish Economy

Amidst uncertainty on corporate tax reform, Brexit will help Ireland attract foreign direct investment

President Trump and EU corporate tax reform proposals have provided fresh impetus to the debate on Ireland’s attractiveness as a location for foreign direct investment (FDI)....

Feb 16 2017 | Conall Mac Coille | Irish Economy | 10 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

Ireland's economy continues to catch up

We expect Ireland’s GDP to grow by 3.7% in 2017. This is a minor downward revision from 4.0% previously but still likely to be the strongest growth across Europe in 2017. Since the UK’s...

Jan 16 2017 | Conall Mac Coille | Irish Economy | 16 pages

UK Autumn Statement preview: time for a bold statement

This year’s Autumn Statement (Wednesday, November 23rd) provides the first opportunity for the UK government to outline a fiscal policy response to Brexit. The job of closing the...

Nov 21 2016 | David McNamara , Robert Gardiner | Davy Economics Monthly | 11 pages


Irish Economic Indicators

Irish economy Irish labour market ends 2016 on strong note

Today’s Irish labour market data showed that annual jobs growth accelerated to 3.3% in Q4 2016, equal to the sharpest gain since the recovery began in 2012. Growth was broad-based... ...

Feb 21 2017 | David McNamara | Research Report | 1 page

Irish Economy Residential property prices (December) and new car sales (January)

Today’s Residential Property Price Index (RPPI) release for December indicates that Irish house price inflation cooled on the month, falling 0.4%, but annual growth was broadly unchanged... ...

Feb 10 2017 | David McNamara | Research Report | 1 page

Irish Economy Exchequer returns, January: Strong start to the year for tax revenues

Exchequer returns for January show that the public finances began the year on a strong footing. Tax revenues were 6.1% higher than the same month in 2016. January is the most... ...

Feb 2 2017 | David McNamara | Research Report | 1 page

Irish Economy Irish retail sales disappoint in December

At face value, today’s retail sales data paint a grim picture, down 2.6% on the month through the key Christmas trading season. However, the November Black Friday sales have... ...

Jan 27 2017 | Conall Mac Coille | Research Report | 1 page


UK Economy

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

Autumn Statement: austerity remains, but small giveaways on welfare and capital investment

Today’s Autumn Statement broadly stuck to the recent playbook. Austerity remains, with sharp adjustments pencilled in for the structural deficit (among the highest in the EU)....

Nov 23 2016 | David McNamara | Research Report | 5 pages


ECONOMIC CALENDAR

February 27 2017

  • US : Durable goods orders, January

February 28 2017

  • IRE : Unemployment rate, February
  • US : GDP annualised, Q4
  • US : Wholesale inventories, January

March 1 2017

  • US : Construction spending, January
  • US : US Federal Reserve Releases Beige Book
  • US : Construction spending, January
  • US : ISM manufacturing, February
  • US : Markit US manufacturing PMI, February

March 2 2017

  • US : Initial jobless claims, February 25

March 3 2017

  • EU : Retail sales, January
  • IRE : Retail sales volume, January
  • UK : Mortgage approvals, January

March 6 2017

  • US : Factory orders, January

March 7 2017

  • US : Trade balance, January

March 9 2017

  • US : Initial jobless claims, March 4th

March 10 2017

  • UK : Industrial production, January
  • US : Change in nonfarm payrolls, February
  • US : Unemployment rate, February
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