Economic Debt & Credit Research
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...
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...
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...
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...
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... ...
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... ...
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... ...
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... ...
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...
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...
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,...
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...