Economic
Ireland’s housing completions look set to increase in Q3
Irish housing data for Q3 will be a key release this week and a widely expected election next month looks increasingly likely. With nine days left until the UK Budget, monthly data for...
Return of double-digit growth in residential property prices
As we expected, residential property prices in August returned to double-digit growth. Strong increases in employment and hourly wages have likely exerted upward pressure on prices....
Irish home prices poised for a return to double-digit increases
This week will see a rate cut by the European Central Bank (ECB) on Thursday (October 17th). On Wednesday (October 16th), Irish residential property prices data for August look poised...
A lukewarm initial polling reaction to Budget 2025
Initial polling results show that Budget 2025 has not led to gains for the coalition, and the Irish government has been defending its policies for much of the past week. However,...
Tax receipts continue to signal rapid economic growth
September’s tax receipts continue to support our view that the economy is on course to grow by at least 4.5% this year. However, the expansionary nature of Budget 2025 and higher...
Irish residential property prices rise for the first time in six months
Yesterday’s Residential Property Price Index (RPPI) for June rose by 0.6%, the first gain since December after five consecutive months of decline. Prices rose by 0.3% in Dublin, breaking...
Irish Construction PMI falls to 45.6 in July
This morning’s Irish Construction PMI at 45.6 in July, signalling a fresh contraction after stability in June, is surprising. The readings are not consistent with the recent pick-up in...
Residential property price and mortgage approvals data point to resilient Irish housing market
Taken together, this morning’s Banking & Payments Federation Ireland (BPFI) mortgage approvals data and yesterday’s Residential Property Price Index (RPPI) point to the resilience of...
Grounds for optimism about the UK economy in H2 2024
The UK economy was flat in June and grew 0.6% in Q2, in line with consensus forecasts. However, we believe there are grounds for optimism heading into the second half of the year....
UK services inflation slows in July
UK inflation was lower than expected in July, driven by slower services inflation, which grew 5.2% in year-on-year (yoy) terms. This supports the view that disinflation is progressing and...
Services inflation stays high at 5.7% in June
UK consumer price inflation (CPI) grew 2% year-on-year (yoy) in June. Services inflation has been in focus ahead of the Bank of England’s next monetary policy meeting on August 1st....
UK GDP beats expectations for May
UK GDP bounced back from a weaker April, with month-on-month (mom) growth of 0.4% in May. This was double the consensus expectation for growth of 0.2%. At face value, there is no...
