Irish Economy
Budget 2027 forecasts remain conservative
Many measures introduced in Budget 2027 will be popular with Irish households, including new tax-efficient savings and investment accounts. However, Budget forecasts remain conservative...
Tax receipts remain well in excess of official forecasts
Tax receipts were exceptionally strong in September. While corporation tax continued to benefit from a higher rate and strong corporate profitability, non-corporation taxes also...
September payrolls rise though below consensus expectations
Despite missing consensus by 60k, the initial estimate of 29k net jobs added to payrolls in September still points to a solid, if unremarkable, US labour market in Q3. The average monthly...
July payrolls data show strong labour market continued in Q3
In keeping with exchequer returns for July and August, employee payrolls data for July point to the continued strength of Ireland’s labour market. We estimate annual growth remained...
More evidence of momentum in August housing starts data
Further to this morning’s bumper Q2 data for new units granted planning permission – up by 60% – this afternoon brought August figures for housing starts. While a headline increase...
Planning permissions jumped 60% in Q2
We see evidence of a strongly improved pipeline for new housing completions later this decade in today’s planning permissions data for Q2. The 60% annual increase is broadly based...
Residential property prices accelerated in July
After rebounding strongly into the summer months from a soft start to the year, residential property prices accelerated in July with a faster monthly pace of growth compared to...
US and UK rates in focus this week
We see a US rate hike this week as increasingly likely and justified by economic fundamentals. There is also a need to underscore institutional independence and credibility in the face of...
Ireland’s growth story is broader than it is often portrayed
Modified domestic demand provides only a partial view of how the Irish economy is really performing. A decline in non-residential construction so far this year has been a drag on growth,...
A strong Q3 on the cards based on July and August tax receipts
August’s exchequer returns show that the Irish economy remains in a good place in Q3. Despite some volatility in tax receipts last month, all signs point to a robust performance for...
