Category: Weekly Round Up
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Weekly Round Up
Spending on Bank of Ireland Credit/Debit Cards up 6.4% in July
This month’s Bank of Ireland credit/debit card data shows consumer spending expanding at a healthy pace of 6.4% year-on-year in July 2025, similar to May and June. Spending growth remains well above the rate of inflation, which came in at 1.7% in July. Growth was broad based across Retail, Services and Social sectors. Most other […]
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Weekly Round Up
Implications for Ireland of EU/US trade deal still unclear
European Commission and White House statements yesterday provided a little more clarity on the EU/US trade deal, but still leave many aspects uncertain. Key for Ireland is that pharmaceutical tariffs of 15% do not look set to apply immediately from August 1st, but rather will follow the conclusion of the US administrations’ Section 232 investigation […]
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Weekly Round Up
Housing completions bounce back to 16-year high
This morning’s CSO data show that there were 9,214 residential completions in Q2 2025, up 35% on the year. This brings completions to 32,717 over the past 12-months, the highest level since2009. The disappointing 30,200 out-turn in 2024 was primarily due to volatile, lumpy apartment completions figures, which bounced back in Q2. The bigger picture […]
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Weekly Round Up
The Art of the Deal
Time will soon start counting down to the August 1st self-imposed deadline for the EU & US to secure a trade deal. The stakes certainly seem high. Should the negotiations fail the US has threatened to impose 30% tariffs on Europe (10% currently), the EU preparing retaliatory measures hitting €94bn of goods imports and targeting […]
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Weekly Round Up
Spending on Bank of Ireland Credit/Debit cards up 5.7% in June
The latest Bank of Ireland credit/debit card data show spending was up 5.7% in June, still well ahead of CPI inflation at 1.8%, indicating substantial real price adjusted gains for Irish households. Clearly, there has been little impact from any Trump-tariff related uncertainty and the recent dip in consumer confidence. Holiday related spending was up […]
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Weekly Round Up
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. […]
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Weekly Round Up
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 […]
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Weekly Round Up
Euro-Dollar pushes through $1.15 on trade/deficit fears
A key call in our May ‘Global Market Watch’ was that the dollar would depreciate to trade in a$1.15-$1.20 range against the euro by the final quarter of 2025. This week the exchange rate pushed into this range, earlier than expected, reflecting concerns on US tariffs, the Federal debt/deficit and the administration’s dollar policy. Specifically, […]
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Weekly Round Up
Card spending in May up 6.5% on the year
This morning’s Bank of Ireland credit/debit card data shows consumer spending still growing at a robust 6.5% pace in May, to €3.9bn, still well above the 2% rate of CPI inflation and exhibiting no signs of faltering due to uncertainty related to US President Donald Trump’s tariff announcements. There was broad based growth across retail […]
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Weekly Round Up
Irish unemployment rate falls to fresh low of 4%
Last week’s Labour Force Survey (LFS) showed that Irish employment growth continued at a rapid 3% pace in Q1 2025, with the unemployment rate falling to a fresh 24-year low of 4.0%. The data show that the labour market continues to tighten, evident in pay growth of 5% through 2024. This is despite labour supply […]