Economic
Housing output disappoints again in Q1
Despite growth in new apartments in Q1, house completions disappointed compared to our expectation of an increase, and our forecast of 42k units this year already looks unlikely to be...
Housing completions data for Q1 due this Thursday
Ireland’s housing completions data for Q1 will be published this Thursday (April 24th) and scrutinised for signals of continued weakness, especially with respect to apartments. Elsewhere,...
Residential property prices grew 8% in February
Property prices grew somewhat faster in February compared to January. Encouragingly, market-based sales to households for new properties increased strongly so far in 2025. It remains...
A busy data schedule remains overshadowed by tariffs
The busy schedule of data releases this week would normally have a significant bearing on the economic outlook in Ireland’s main trading partners. However, the impact of the new...
Consumer spending enters 2025 on a strong footing
The Irish economy began 2025 in good shape. Tailwinds from strong labour demand have been helped along by lower interest rates and a decline in headline inflation, which remains the...
Expansionary Budgets add to a strong economy in 2024
The December Exchequer returns suggest strong economic activity in 2024, boosted by successive expansionary Budgets. Voted current and capital spending each grew faster than...
Transactions for new homes climb 26% in October
Residential property prices grew 9.7% in October, close to the double-digit rates seen in recent months. However, rapid increases in Q4 last year mean some reduction in headline growth...
Ireland’s Exchequer begins to receive back-taxes from Apple
While October is not a crucial month for the Irish Exchequer, volatility of recent years continued with a near-trebling of corporation tax. This was driven by the first arrival to the...
Slower UK inflation paves the way for a rate cut in May
UK inflation declined to 2.6% in March. While still above target, the Bank of England is likely to take comfort from a slower path for services inflation compared to its latest forecast. A...
February GDP gains from a pre-tariff manufacturing boost
While growth in February’s GDP was well above expectations, this was driven by a pre-tariff manufacturing boost. Despite an otherwise hawkish backdrop, we now expect the Bank of...
Government banking on growth to avoid future welfare cuts
There were few surprises in the Spring Statement as weaker growth and higher borrowing costs limited the Chancellor’s scope for new policies. Well-flagged adjustments to last...
Services disinflation boosts the case for Bank Rate cuts in 2025
UK inflation declined marginally in December, helped by services price disinflation. This marks an improvement on recent months, especially for a subset of non-volatile services (excluding...
