Economic
July payrolls data show strong labour market continued in Q3
In keeping with exchequer returns for July and August, employee payrolls data for July point to the continued strength of Ireland’s labour market. We estimate annual growth remained...
More evidence of momentum in August housing starts data
Further to this morning’s bumper Q2 data for new units granted planning permission – up by 60% – this afternoon brought August figures for housing starts. While a headline increase...
Planning permissions jumped 60% in Q2
We see evidence of a strongly improved pipeline for new housing completions later this decade in today’s planning permissions data for Q2. The 60% annual increase is broadly based...
Residential property prices accelerated in July
After rebounding strongly into the summer months from a soft start to the year, residential property prices accelerated in July with a faster monthly pace of growth compared to...
Bank of England holds and August retail sales improve
A busy week of UK economy news culminated in this morning’s retail sales result for August, which showed a reversal of July’s headline decline. While the UK economy could outperform...
UK inflation in August in line with consensus
While UK headline inflation increased above 3% again in August, the result was in line with consensus and driven by another jump in energy prices. Core inflation was steady at 2.6% for a...
Second-round effects still absent for the UK
UK results for the labour market this morning continue to show little or no evidence of second-round effects due to higher energy prices this year. Payrolls declined again in August,...
Energy price-cap increase sees inflation pick up to 2.9% in July
July’s inflation increased to 2.9%, matching the latest consensus. While expected increases to energy prices were the driving factor, the results were still mildly hawkish in our view. For...
