Irish economy

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 consumer spending this year. Above-profile income tax and social insurance receipts align with robust employee payrolls growth. Corporation tax payments were most likely boosted once again by Apple, with further top-up tax receipts still to come. While rapid growth in voted public spending continues, it remains in line with profile.

• Kevin Timoney
• Morning briefing
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