Davy Research

Economic Debt & Credit Research

Irish Economy

Ireland set to record 20% growth in residential transactions in 2017

The latest update of the Property Price Register indicates that Ireland recorded €9.8bn of residential transactions so far in 2017. This represents close to 20% nominal growth, in part...

Oct 19 2017 | Conall MacCoille | Irish Economy | 4 pages

First Budget measures pass Parliament

Following the announcement of Budget 2018 yesterday (October 10th), the first tax changes passed Parliament with increases in commercial stamp duty, excise on cigarettes and changes...

Oct 11 2017 | 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...

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 at 12% in August

Today’s Residential Property Price Index (RPPI) shows another sharp 2.2% rise in August, with annual inflation now at 12.2%, broadly spread across Ireland. Underlying double-digit house... ...

Oct 12 2017 | Conall MacCoille | Research Report | 4 pages

Irish economy Little room for giveaways in Budget 2018

Today’s exchequer returns show that the government is broadly on track to hit its deficit reduction targets this year but, with tax revenues still trending below expectations, it... ...

Oct 3 2017 | David McNamara | Research Report | 4 pages

Irish economy New migration estimates support our view on housing demand

As we expected, today’s population and migration estimates reveal that migration trends were more positive than previously estimated between 2011 and 2016, while the new 2017 estimates... ...

Sep 28 2017 | David McNamara | Research Report | 4 pages

Irish economy Irish employment up 0.2% in Q2 2017

Today’s Irish labour market data for Q2 show a modest 0.2% rise in employment on the quarter, with annual jobs growth at 2.4%. The relatively weak jobs figures for Q2 are probably... ...

Sep 22 2017 | Conall MacCoille | Research Report | 4 pages


UK Economy

Time to trust an unreliable boyfriend?

Yesterday’s UK CPI data showed that inflation was 3% in September. This makes a rate hike in November more likely. However, Bank of England Governor Mark Carney has warned on several...

Oct 18 2017 | Conall MacCoille | Research Report | 4 pages

Higher UK inflation to seal rate hike decision

Today’s CPI numbers are expected to reveal another sharp rise in UK inflation in November, all but sealing the deal for an expected rate hike in November. However, with less than a...

Oct 17 2017 | David McNamara | Research Report | 4 pages

EU27 set to reject calls to discuss UK transitional arrangement

At their meeting this week, EU leaders look set to dismiss UK calls to discuss a transitional arrangement on trade. With just 529 days to go until Brexit, the pressure on the UK...

Oct 16 2017 | Conall MacCoille | Research Report | 4 pages

RICS survey paints gloomy picture of UK housing market

Today’s Royal Institute of Chartered Surveyors (RICS) survey of the UK housing market paints a gloomy picture. The price expectations balance declined markedly to -8%, with sharp...

Oct 12 2017 | Conall MacCoille | Research Report | 4 pages


ECONOMIC CALENDAR

October 23 2017

  • EU : Consumer confidence, October

October 25 2017

  • EU : IFO business climate, October
  • US : Durable goods orders, September
  • US : New home sales, September

October 26 2017

  • EU : ECB marginal lending facility, October 26
  • EU : ECB main refinancing rate, October 26
  • EU : ECB deposit facility rate, October 26
  • UK : CBI Total dist. reported sales, October
  • US : Initial jobless claims, October 26

October 27 2017

  • IRE : Retail sales, September
  • US : University of Michigan sentiment, October
  • US : GDP annualised, Q3

October 30 2017

  • UK : Mortgage approvals, September

October 31 2017

  • US : Chicago purchasing managers index, October
  • US : ISM Manufacturing, October

November 1 2017

  • IRE : Unemployment rate, October
  • UK : Markit UK PMI manufacturing, October
  • US : FOMC Rate Decision (Lower Bound)
  • US : FOMC Rate Decision (Upper Bound)

November 2 2017

  • UK : Bank of England bank rate, November 02
  • UK : BOE asset purchase target, November
  • US : Nonfarm productivity, Q3
  • US : Initial jobless claims, October 28

November 3 2017

  • IRE : Live register monthly change, October
  • US : Factory orders, September
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