Davy Research

Economic Debt & Credit Research

Irish Economy

How to spend it: government unveils its ten-year capital plan

In this report we take a detailed look at the government’s new capital plan. While many projects were already in the pipeline, this plan formalises the government’s priorities for the...

February 21 2018 | David McNamara , Conall MacCoille | Irish Economy | 9 pages

German inflationary pressures contained

This morning’s German producer price index suggests that inflationary pressures will remain contained in the eurozone in the near term. The 2.1% annual rise was weaker than the...

February 20 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 Record year for Irish exports

2017 was another record year for Irish goods exports. According to the latest Central Statistics Office (CSO) data, nominal exports grew by 2.4% to €122bn. In volume terms, growth was... ...

February 15 2018 | David McNamara | Research Report | 4 pages

Irish economy Irish residential property price inflation accelerates to 12%

December saw a relatively sedate 0.5% rise in Irish residential property prices, reflecting the quiet winter period. However, the 12% annual inflation rate is at a two-year high. Central... ...

February 14 2018 | Conall MacCoille | Research Report | 4 pages

Irish economy Buoyant January tax receipts reflect Christmas spending

Irish exchequer returns for January show that the public finances began the year on a solid footing. Tax revenues were 5.2% higher than the same month in 2017, driven by strong... ...

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

Irish economy Irish unemployment rate falls to 6.1% in January

Ireland’s unemployment rate fell to 6.1% in January 2018, its lowest level in ten years and down from 6.6% in September. Alongside recent Purchasing Manager Index (PMI) surveys, the data... ...

January 30 2018 | Conall MacCoille | Research Report | 4 pages


UK Economy

Sterling gains on hawkish Inflation Report

Sterling broke through $1.40 yesterday following the Bank of England’s Inflation Report projections, with markets pricing in a rate hike with a 66% probability by the May policy meeting...

February 9 2018 | Conall MacCoille | Research Report | 4 pages

Bank of England likely to stay in ‘wait-and-see’ mode

The RICS survey released overnight indicates that the UK housing market remains fragile. Together with Brexit uncertainties, the housing market data should mean that today’s Bank of...

February 8 2018 | Conall MacCoille | Research Report | 4 pages

Amidst global equity market sell-off, US job openings data are key today

The sell-off in global equity markets has continued overnight, with the S&P 500 down 4.1% and European indices set for sharp declines this morning. With fears that wage pressures will...

February 6 2018 | Conall MacCoille | Research Report | 4 pages

UK GDP growth resilient in 2017

On January 26th, the Q4 GDP number revealed a slighter better quarter than expected, with growth at 0.5%. For the calendar year, GDP growth was 1.8%, slightly weaker than 1.9% growth...

January 29 2018 | David McNamara | Research Report | 4 pages


ECONOMIC CALENDAR

February 21 2018

  • UK : ILO unemployment rate, December

February 22 2018

  • GER : IFO expectations, February
  • GER : IFO business climate, February
  • IRE : Wholesale price index, January
  • UK : CBI retailing reported sales, February
  • UK : CBI total dist. reported sales, February
  • UK : Total business investment, Q4
  • US : Leading index , January
  • US : Leading index, January
  • US : Initial jobless claims, February 17

February 23 2018

February 26 2018

  • US : New home sales, January

February 27 2018

  • US : Conference board consumer confidence, February
  • US : Durable goods orders, January
  • : Overseas travel (October - December)

February 28 2018

  • IRE : Credit aggregates, February
  • US : GDP annualised (Q4)
  • US : Chicago purchasing manager, February

March 1 2018

  • EU : Unemployment rate, January
  • IRE : Live register, January
  • IRE : Exchequer returns, March
  • UK : Markit / CIPS UK construction PMI, February
  • UK : Markit UK PMI manufacturing SA, February
  • UK : Mortgage approvals, January
  • US : Initial jobless claims, February 24
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