Irish Economy
Property prices decelerated in October; monthly services prices fell in November
Ireland’s residential property prices decelerated on the month in October but remain up strongly by 7.3% in annual terms. While growth in the volume of transactions was relatively muted,...
New forecasts: risks are tilted to the upside of consensus
For Ireland and the global economy more broadly, 2025 has been a year characterised by economic resilience to disruptive trade developments and geopolitical tensions. An important...
Last major week of economy data releases of 2025
Ahead of Christmas holidays beginning next week, a number of economic data publications that would normally be released then have instead been frontloaded into this week. As a result,...
Federal Reserve poised to cut again this week
While the US Federal Reserve is widely expected to cut rates this week, its updated projections could disappoint financial markets. US corporate profitability remains strong despite some...
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...
