Author: Conn Creedon

MyHome report shows asking price inflation easing to 7%

The Q2 2025 MyHome report in association with Bank of Ireland was published this morning. Asking price inflation moderated to 7% in Q2 2025, and to 5% in Dublin. House price inflation is now slowing towards the current pace of wage growth (5.6%) down from double-digit territory last summer. Nonetheless, market conditions are still very challenging. […]

Irish economy supported by buoyant government spending

Yesterday’s exchequer returns show tax revenues remained robust in H1 2025, up 10.5% on the year to €45.9bn. Income taxes (4.3%), VAT (5.8%) and corporation taxes (7.4%) all exhibited substantial gains – and indicative of further growth in consumer spending and employment. Of course, corporate taxes remain potentially volatile with ten firms accounting for 57% of […]

Ireland still seeing rapid employment growth

Yesterday’s Labour Force Survey (LFS) showed Irish employment rose by an exceptional 2.7% in 2024. This pace was sustained into the second half of the year, albeit with a choppy pattern of a 1.3% gain in Q3 2024, followed by 0.2% fall in Q4, which is most likely due to sampling volatility in the LFS. […]

Economics Weekly July 12th

This week’s MyHome report showed asking price inflation accelerating to 7.3% in Q2 2024, the fastest pace in two years. Furthermore,  residential transactions in June were being settled at 6% above the original asking price – indicative of intense competition amongst homebuyers. The fresh momentum in Irish house prices is being driven by the resilient […]

Economics Weekly July 5th

This week we published our new forecasts for the Irish economy. We revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025, but reflecting well understood measurement distortions relating to the multinationals. In contrast, most indicators suggest the Irish economy expanded at […]

Ireland Infographic – July 2024

Irish economy to grow at healthy pace in 2024 Download the Ireland infographic here: Bank of Ireland Ireland Infographic July 2024

Ireland Outlook – July 2024

We have revised down our forecasts for Irish GDP growth to 1.0% in 2024 (from 1.5% in our February Outlook) and to 3.9% in 2025 (from 4.0%). This downward revision reflects the multinational sector, where output continued to contract in early 2024 due to measurement distortions related to ‘contract manufacturing’. In contrast, indicators suggests the […]

Euro up slightly in early trading following French election

The Euro is up a bit over 0.5% to 1.0770 versus the Dollar in this mornings trading. Sterling is also up slightly versus the Dollar, to about 1.2680, leaving the euro up about 0.3% against sterling to £0.849. The dollar versus Yen rate, the focus of much market attention of late was broadly unchanged since […]

Steady trading in FX and bond markets

The euro is not much changed versus the dollar over the past 24 hours, up very slightly to $1.070 from $1.068, still in the fairly tight range it has traded in for a couple of weeks. The first US presidential debate between President Biden and former President Tump was held overnight, but didn’t produce anything […]

UK Outlook June 2024

We have revised up our forecasts for GDP growth to 0.8% in 2024 (from 0.4% in our February Outlook) and to 1.4% in 2025 (from 1.2% previously), slightly above consensus expectations and Bank of England forecasts. We expect growth to accelerate further to 1.6% in 2026. The unemployment rate is likely to continue edging higher […]