Davy Research

Economic Debt & Credit Research

Irish Economy

Visa data signal buoyant Irish consumer spending

The latest Visa consumer spending index for May suggests that Irish consumer spending is set for another strong expansion in Q2. The value of Visa card transactions was up 3.7% in...

June 19 2018 | David McNamara | Irish Economy | 4 pages

Central Bank strikes cautious tone, signalling that counter-cyclical capital buffer may rise from zero

The Central Bank Macro-Financial Review, published on Friday, struck a cautious tone – identifying a range of risks facing the Irish economy including Brexit, rising house prices and...

June 18 2018 | Conall MacCoille | 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...

March 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...

January 18 2017 | David McNamara | Davy Economics Monthly | 11 pages


Irish Economic Indicators

Irish economy Labour market recovery continues apace

The labour force survey shows another strong increase in employment in Q1 2018, up 0.7% on the quarter and 2.9% on the year. In absolute terms, the number of people at work has... ...

June 20 2018 | David McNamara | Research Report | 4 pages

Irish economy Planning permissions rise by 81% in Q1 2018

The planning permissions data show a surge to 8,405 units in Q1 2018, up 81% on the year. Permissions granted for apartments are up very sharply, by 178% on the year. In total,... ...

June 15 2018 | Conall MacCoille | Research Report | 4 pages

Irish economy New housing series brings clarity to the supply-side debate

The publication by the Central Statistics Office (CSO) of a new housing completions series brings much-needed clarity to the debate on the level of housebuilding in Ireland. The number... ...

June 14 2018 | David McNamara | Research Report | 4 pages

Irish economy Property price inflation continues to accelerate

Residential property price inflation accelerated to 13% in April from 12.6% in March, according to the latest CSO data. While this series suggests tighter mortgage lending rules have yet... ...

June 13 2018 | David McNamara | Research Report | 4 pages


UK Economy

UK data point to weak start to Q2

A plethora of data releases suggest that the UK economy got off to weak start to Q2. While construction output was higher in April, manufacturing output fell unexpectedly and the...

June 12 2018 | David McNamara | Research Report | 4 pages

Further signs that UK GDP growth will bounce back in Q2

British Retail Consortium and Barclaycard data both showed UK consumer spending up 5% in May, indicating – alongside the services PMI at 54.0 – that activity bouncing back after poor...

June 6 2018 | Conall MacCoille | Research Report | 4 pages

April retail sales allay fears on UK consumer

Today’s second release of UK GDP growth should help to show that the 0.1% growth in Q1 2018 was temporarily depressed by the poor weather – hurting construction activity and retail...

May 25 2018 | Conall MacCoille | Research Report | 4 pages

UK CPI inflation data could take markets by surprise

Today’s UK CPI data could see inflation fall back to 2.4% in April due to the early timing of Easter and the volatile airfares component. This will reinforce doubts regarding the likelihood...

May 23 2018 | Conall MacCoille | Research Report | 4 pages


Debt & Credit Research

Monthly Debt Digest - Spring Back

April 13 2018 | Donal O'Mahony | Research Report |


ECONOMIC CALENDAR

June 25 2018

  • GER : IFO current assessment, June
  • GER : IFO expectations, June
  • GER : IFO business climate, June
  • US : New home sales, May

June 26 2018

  • UK : CBI total dist. reported sales, June
  • UK : CBI retailing reported sales, June
  • US : Consumer confidence, June

June 27 2018

  • US : Durable goods orders, May

June 28 2018

  • EU : Business climate indicator, June
  • EU : Consumer confidence, June
  • US : Initial jobless claims, June 23
  • US : GDP annualized, Q1

June 29 2018

  • IRE : Credit aggregates, June
  • UK : Mortgage approvals, May
  • US : Personal spending, May
  • US : Chicago purchasing manager, June
  • US : University of Michigan sentiment, June

July 2 2018

  • EU : Markit eurozone manufacturing PMI, June
  • UK : Markit UK PMI manufacturing, June
  • US : ISM manufacturing, June

July 3 2018

  • IRE : Unemployment rate, June
  • IRE : Exchequer Returns, June
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