Davy Morning Equity Briefing
Jun 29, 2026
Irish economy
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 payrolls growth of 2.6% in the three months to April, with now-familiar patterns of increase evident compared to previous years. Youth employee growth of 2.9% is considerably stronger than a year ago, while “tech” work levels also remained robust.
Irish economy
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 spending and wage income likely to be revised upwards. June’s flash inflation reading is also due; we expect a decline to 3.1% from 3.5%. June’s exchequer returns will also provide important indications of Ireland’s likely fiscal surplus this year given the importance of corporation tax paid this month and in November.
