Irish Economy
Transactions data augur well for Q2 new housing supply
An encouraging sign in today’s residential property price data was that transactions for new properties grew 19% in May. This augurs well for new housing supply in Q2. Property prices...
Moderating property price growth of c.6% is likely in May
After a relatively quiet week of economic data releases last week, this week sees May residential property prices and employee payrolls data due for Ireland. US consumer and producer...
Ireland’s economic growth continues to outperform
In line with our expectations, the Irish economy continues to grow above consensus. We have revised down our forecast for housing supply to 44k next year and progress appears...
A key week for Ireland’s most reliable economic indicators
This week will see an update to Ireland’s national accounts for 2025. We expect upside risks will materialise to our above-consensus forecasts for economic activity, with consumer...
Ireland’s labour market stayed robust once again into Q2
Despite a weak labour force survey result in Q1 and a downbeat external environment, the most reliable measure of Ireland’s labour market remained strong into Q2. We estimate employee...
Starmer expected to announce his plans for resignation
After the Federal Reserve and Bank of England both held rates unchanged last week along with a busy release calendar, there is a relatively quiet data schedule for the week ahead...
Andy Burnham slightly ahead in Makerfield by-election polls
This week includes interest rate decisions by the Federal Reserve (the first under new Chair Kevin Warsh) and the Bank of England (BoE); no change in rates is expected for either....
May inflation moderates, but a pick-up is likely into summer
Headline inflation moderated to 3.5% this month, in line with our latest forecast. However, core inflation was faster than we expected at 2.8%, mainly as a result of services inflation –...
US household spending in a precarious position into Q2
Ireland’s flash inflation reading for May is due later this week, and we expect it to moderate to 3.5%. This is based on energy inflation remaining high, an increase in food inflation and...
A pivotal week ahead for the Bank of England
With a challenging political backdrop for gilts at present, we continue to see UK rate-hike expectations as overdone. If this week’s UK labour market and consumer prices data remain in...
