Irish Economy
Q3 hourly wage pick-up is likely overstated; GDP outperforms
We think the most relevant indicator in the quarterly national accounts is labour income given it is based on a hard-data source from administrative tax records. Labour income grew...
Household wealth set to double again by 2035
A new Davy report on ‘Wealth in Ireland’ shows household net wealth more than doubled since 2014. While we forecast a further doubling by 2035, long-term provision remains an issue for...
November likely to set a new record for corporation tax
This week includes a number of significant data releases for the Irish economy. A new record for monthly corporation tax (excluding last year’s Apple escrow receipts) is likely in the...
Reeves poised to deliver another tough UK Budget
Aside from further catch-up US releases this week, the UK Budget is the main focus in an otherwise quieter week for new economic data. Weaker retail sales in October have been...
Payroll revisions continue to trend negatively
Total non-farm employment in the US went up by 119k in September following a 4k decline (revised down from a 22k increase) in August. This continues a recent pattern of negative...
Residential property prices on course to grow by 7.5% in 2025
Ireland’s residential property prices grew 7.6% in September, and strong momentum is evident across house/apartment and different geographical areas. With three quarters of this year...
Robust Irish payrolls growth in Q3 despite higher jobless rate
A busy week ahead will include belated US payrolls data for September, UK consumer prices and retail sales for October, and Ireland’s residential property prices, goods exports and...
Examining Ireland’s new €36bn housing plan
Overall, the Government’s long-awaited housing plan includes many laudable aspects and some novel approaches to increasing housing delivery. However, while delivery of 300k new homes by...
A pivotal week ahead for Ireland's housing prospects
Weekend media reports point to a Thursday (November 13th) release for the Government's National Housing Plan. Having received a major allocation of €36bn in July's National Development...
Pent-up housing demand is far higher than official estimates
The Department of Finance’s new long-term analysis provides a useful insight about the Irish economy over the coming 40 years. Most exercises, assuming no policy changes, are liable to...
