Irish Economy
Irish residential property prices continue to rise in May
Residential property prices decelerated in May despite ongoing weakness in housing market supply, reflected in low transaction volumes. Month-on-month (mom) prices grew 0.1%, down from...
Further evidence of strong economic growth into 2024
Ireland’s economy grew rapidly in 2023 and into early 2024. Revised Central Statistics Office (CSO) data released on Friday (July 12th) showed core national income (GNI*) up 5% in real...
Budget 2025 package of €8.3bn
Yesterday’s Summer Economic Statement flagged an overall package of €8.3bn for Budget 2025 in October. Once again, the government plans to exceed its own spending rule, and this...
Buoyant tax receipts signal rapid economic growth
Ireland’s public finances remain strong this year. Buoyant tax revenues suggest an acceleration of economic growth in Q2. Excluding corporation tax, core tax receipts grew 7.5%...
On the cusp of rapid growth
The Irish economy accelerated into 2024 and is on the cusp of rapid growth, helped by lower inflation. Foreign direct investment (FDI), high-skilled job creation and a rising population...
Politics tracker: Leo’s exit alters little on election timing
A new Taoiseach (Prime Minister) should not materially change the prevailing political dynamics in Ireland. The immediate focus across the political spectrum will be European and local...
Politics tracker
The outcome of the next election is now far from certain. While Sinn Féin remains in pole position to form a government, the rise in support for independents in recent months will make...
Budget 2024 announces €14bn package
The €14bn (2.7% of GDP) Budget package announced today is broadly in line with expectations. Core public spending will rise sharply, by 6.1% in 2024, as expenditure on health, housing,...
Irish Services PMI falls to 54.5 in September
This morning’s Irish Services PMI at 54.5 in September is the weakest reading since January, but still points to a solid pace of growth and compares favourably to the flash euro area...
New Irish economic forecasts
We have revised down our forecast for Irish GDP growth to 3% in 2023 due to poor out-turns in H1, mainly reflecting a very specific issue relating to the export of semi-conductors....
