Economic
Pent-up housing demand is far higher than official estimates
The Department of Finance’s new long-term analysis provides a useful insight about the Irish economy over the coming 40 years. Most exercises, assuming no policy changes, are liable to...
Upside risk to UK wage growth forecasts for Q4
The Bank of England’s (BoE) November meeting takes place this week. While no change to Bank Rate is expected, a cut at next month’s meeting is possible despite some upside risk to...
Federal Reserve casts doubt on a December rate cut
The Federal Reserve yesterday (October 29th) eased the Federal Funds Rate by 25bp, as expected. However, more hawkish commentary from Chair Jay Powell resulted in some mild upward...
A surprising slowdown for US inflation in tariff-affected items
US consumer prices grew by less than expected in September, the much-anticipated data showed this afternoon. A widespread expectation was already for a cut to the Federal Funds...
Flat transactions for new properties in July
Strong summer price trends continued in July, and we expect upward revisions to June could repeat. However, new property transactions were surprisingly weak in July; if this continues,...
Record employment in Q2 despite tariffs uncertainty
Despite widespread fears that tariff-driven uncertainty would lead to a notably weaker Irish economy, Q2 saw a record level of employment above 2.8m for the first time. The...
Residential property prices rise strongly again in June
Irish residential property prices grew strongly once again in June, in line with an established seasonal pattern. The volume of transactions has been boosted considerably this year by...
A new record month for corporation taxes in June
Corporation tax continued its year-to-date pattern of extreme volatility in June, more than compensating for weaker receipts in May. This augurs well for full-year 2025 receipts since...
Below-consensus inflation in September
While UK consumer price inflation remained high last month, it was softer than expected across a broad range of goods and services. This follows last week’s labour market data which...
UK economy tracking quite well despite Budget worries
Early Q3 indications point to a more resilient UK economy compared to last year, when Budget worries dragged activity lower. The government’s supply-side reforms could help to avoid...
Household spending adds to stronger UK economic growth
The UK economy grew faster than expected in H1, helped by household spending and business investment. However, despite a favourable productivity performance, official forecast...
UK inflation meets consensus in August
Headline UK inflation was unchanged in August, remaining at a year-on-year (yoy) increase of 3.8% and increasing in month-on-month (mom) terms by 0.3%. While core and services inflation...
