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Irish Economy

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 | Irish Economy | 8 pages

Irish mortgage market shows strong growth in early 2017

Mortgage lending data released this morning show €513m of approvals for house purchase in January, up 59% on the year. This expansion is far ahead of the 20% rise in the mortgage...

Feb 28 2017 | Conall Mac Coille | Irish Economy | 1 page

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

UK Autumn Statement preview: time for a bold statement

This year’s Autumn Statement (Wednesday, November 23rd) provides the first opportunity for the UK government to outline a fiscal policy response to Brexit. The job of closing the...

Nov 21 2016 | David McNamara , Robert Gardiner | Davy Economics Monthly | 11 pages


Irish Economic Indicators

Irish economy Goods trade (January) and planning permissions (Q4)

Trade data for January show that exports bounced back strongly on the month following a relatively weak second half in 2016. We expect a larger contribution to GDP growth this year.... ...

Mar 15 2017 | David McNamara | Research Report | 1 page

Irish economy Irish residential property prices up 7.9% in year to January

Today’s Residential Property Price Index (RPPI) shows prices up by 0.6% in January and by 7.9% on the year. House price inflation is running at 5% in Dublin and 11% in the rest of... ...

Mar 10 2017 | Conall Mac Coille | Research Report | 1 page

Irish economy GDP grew by 5.2% in 2016, ahead of expectations

Today’s Irish GDP data show that the economy grew by 5.2% in calendar year 2016. Given that the out-turn is a little stronger than the 4.8% we had expected, we will probably have to... ...

Mar 9 2017 | Conall Mac Coille | Research Report | 1 page

Irish Economy Strong start to 2017 for retail sales

Irish retail sales data show that volumes were up 2.2% in January and 4.9% on the year. Excluding volatile car sales, annual growth was even stronger at 6.1%. Growth was broad- based... ...

Mar 3 2017 | David McNamara | Research Report | 1 page


UK Economy

Budget 2017 plots a cautious path

Today’s UK Spring Budget provided very few headlines. The government’s fiscal position is expected to be broadly unchanged in 2022, leaving the Chancellor little wiggle room within his...

Mar 8 2017 | David McNamara | Research Report | 4 pages

UK construction sector set for weak 2017

Outside of housebuilding, the UK construction sector in 2016 had one of its worst years since the recession with output expanding by just 1.6% compared to a 3.6% gain in 2015. We...

Feb 21 2017 | David McNamara , Conall Mac Coille | Research Report | 11 pages

New UK economy forecasts

We have revised up our forecasts for UK GDP growth to 1.5% in 2017 and 1.2% in 2018, close to the current consensus. The big picture is that the UK economy will see GDP growth below...

Feb 20 2017 | Conall Mac Coille | Research Report | 8 pages

Council of Mortgage Lenders revises down projections for UK mortgage market

Yesterday (December 15th), the Council of Mortgage Lenders (CML) revised down its projections for UK mortgage lending in 2017 by 5% to £248bn. This represents marginal growth from...

Dec 16 2016 | Conall Mac Coille | Research Report | 1 page


ECONOMIC CALENDAR

March 24 2017

  • EU : Markit Eurozone manufacturing PMI
  • US : Durable goods orders, February

March 28 2017

  • US : Markit US Services PMI, March
  • US : Wholesale inventories, February

March 30 2017

  • US : Initial jobless claims, Mar 25th
  • US : Personal consumption, Q4

March 31 2017

  • UK : Current account balance, Q4
  • US : Chicago purchasing manager, March
  • US : University of Michigan Sentiment, March
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