Economic Debt & Credit Research
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...
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...
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...
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...
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... ...
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... ...
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... ...
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... ...
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...
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...
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...
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...