Irish Economic Indicators

Irish residential property prices rise by a solid 0.7% in September

Today’s Residential Property Price Index (RPPI) data show prices up a solid 0.7% in September, with annual inflation slowing to 8.2%. Prices in Dublin rose by 0.4% on the month, up 5.8% on...

Irish housing completions rise by 23% in year to Q3 2018

This morning’s CSO data show that there were 4,673 housing completions in Q3 2018, up 23% on the year. Total homebuilding looks set to exceed 18,000 in calendar year 2018 – especially...

Exchequer returns broadly in line with expectations

The highlight of today's exchequer returns for October was an extra €773m of corporation tax receipts, vis-a-vis last year's Budget targets. However, this outperformance had been...

Irish residential property price inflation slows to 8.6%

The Residential Property Price Index (RPPI) inflation rate was 8.6% in August, down from 10% in July. In Dublin, RPPI inflation was 6.1% – half the 13% rate recorded in April. RPPI inflation...

Exchequer returns do little to change the budgetary arithmetic

Today’s exchequer returns do little to change the budgetary arithmetic for next week’s Budget for 2019. Tax revenues are in line with targets, and spending is over-running slightly –...

Irish GDP likely to grow by 7% in 2018 after Q2 out-turn

Today’s Irish GDP data show a 2.5% rise in Q2, with activity bouncing back after a 0.4% contraction in Q1. Overall, GDP is up 9% in H1 2018 versus last year. This means we will have to...

Irish residential property price inflation slows to 10.4%

The Residential Property Price Index (RPPI) increased by 1% in July, but the annual inflation rate fell to 10.4% — its slowest pace since April 2017. In Dublin, prices rose by a solid 0.7% on...

Room for manoeuver in Budget 2019 narrows

Today’s exchequer returns show disappointing tax revenues in August, albeit probably depressed by timing issues. However, spending pressures are growing, specifically a growing...

Irish employment grows by 3.4% in year to Q2 2018

This morning’s Labour Force Survey data show employment up 0.8% on the quarter and 3.4% on the year. The news that net inward migration rose to 34,000 in 2018 has led the Central...

Irish housing completions up strongly in Q2

Today’s housing completions data from the CSO show another strong rise in new construction activity in Q2 2018. On the quarter. 4,419 homes were constructed – a 34% rise on the year....