Davy Research

Economic Debt & Credit Research

Irish Economy

Central Bank survey shows expectations for house price inflation rising to 8%

The Central Bank of Ireland’s Q2 2017 survey shows that residential property prices are expected to rise by 8% over the next 12 months, from 7% in the previous survey. Over three...

Aug 16 2017 | Guest | Irish Economy | 4 pages

Irish Consumer Confidence still strong in July

Irish Consumer Confidence rose slightly in July, close to one of the best readings over the past 20 years. New Central Bank data showed credit and debit card spending increased by...

Aug 14 2017 | Conall Mac Coille | Irish Economy | 4 pages

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 | Davy Economics Monthly | 8 pages

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


Irish Economic Indicators

Irish economy Irish RPPI inflation accelerates to 11.6%

Today’s Residential Property Price Index (RPPI) shows a sharp 1.4% gain in June. Annual inflation is now running at 11.6% – the fastest pace in two years. This marked acceleration in Irish... ...

Aug 9 2017 | Guest | Research Report | 4 pages

Irish economy Retail data signal robust consumer spending growth in Q2

Today’s retail sales data show that the robust growth in Irish consumer spending has been maintained in Q2 2017. Retail sales (ex-motor trades) volumes rose by 1.9% in Q2, up 6.9% on... ...

Jul 28 2017 | David McNamara | Research Report | 4 pages

Irish economy Irish economy - Irish CPI back into negative territory

Irish CPI data for June show that inflation fell back into negative territory for the first time since November 2016. The impact of sterling weakness and oil price declines is feeding into... ...

Jul 13 2017 | David McNamara | Research Report | 4 pages

Irish economy Irish house price inflation accelerates to 12%

The Residential Property Price Index (RRPI) for May shows a 2.2% rise on the month, with prices up 11.9% on the year. In Dublin, house price inflation has accelerated from just 2% in... ...

Jul 11 2017 | Conall Mac Coille | Research Report | 1 page


UK Economy

UK Rightmove house prices down in August

Data released this morning by Rightmove showed that UK house prices fell 0.9% in August but are still up 3.1% year-on-year (yoy). While the asking price series can be volatile...

Aug 21 2017 | David McNamara | Research Report | 4 pages

UK economy still creating jobs

UK labour market data for June released on August 16th showed that the economy is still creating jobs, despite the slowdown in GDP in H1 2017. Employment was up 1.1% in the year to...

Aug 17 2017 | David McNamara | Research Report | 4 pages

Cliff edge Brexit can’t be dismissed despite UK proposals for transition

The key point from UK trade proposals published on August 15th is that the government will seek a transitional period, negating the risk of ‘cliff edge’ Brexit in March 2019. However,...

Aug 16 2017 | Conall Mac Coille | Research Report | 4 pages

UK inflation to resume upward trend

The recent pause in UK inflation should prove temporary and it is expected to resume its upward trend in the coming months. The fall in inflation in June to 2.6% from 2.9% was driven to...

Aug 15 2017 | David McNamara | Research Report | 4 pages


ECONOMIC CALENDAR

August 23 2017

  • EU : Consumer confidence, August
  • US : New home sales, July

August 24 2017

  • UK : CBI total dist. Reported sales, August
  • UK : Private consumption, Q2
  • UK : Total business investment, Q2
  • US : Existing home sales, July
  • US : Initial jobless claims, August 19

August 25 2017

  • GER : IFO business climate, August
  • US : Durable goods orders, July

August 30 2017

  • EU : Business climate indicator, August
  • UK : Mortgage approvals, July
  • US : GDP annualised, Q2

August 31 2017

  • EU : Unemployment rate, July
  • US : Chicago purchasing manager, August
  • US : Initial jobless claims, August 26
  • US : Personal spending, July

September 1 2017

  • IRE : Credit aggregates, July
  • US : University of Michigan sentiment, August
  • US : Change in non-farm payrolls, August
  • US : Unemployment rate, August
  • US : ISM manufacturing, August
  • US : Construction spending, July

September 5 2017

  • IRE : Exchequer returns, August
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