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Irish GDP is forecast to rise by 4% this year and 3.8% in 2026, EY's latest Economic Eye report says

EY sees strong all Ireland growth, but headwinds a worry

The latest EY Economic Eye forecasts good growth for the two economies on the island of Ireland in 2025 and into 2026 along with more jobs and lower interest rates as central banks' easing cycles continue.

Business • 28 Feb

Central Bank Governor Gabriel Makhlouf addressed the IIEA in Dublin today

'Ireland at crossroads of geopolitical headwinds'

Geoeconomic fragmentation has moved from being a risk to becoming a reality, and as a small, open economy, Ireland finds itself at the cross roads of these geopolitical headwinds, Central Bank Governor Gabriel Makhlouf said today.

Business • 20 Feb

The OECD has warned against the re-introduction of tax incentives to stimulate house building

Rents should be freely adjusted between tenancies - OECD

Rents should be freely adjusted between tenancies in a significant change to existing restrictions, a major new report on Ireland by the Organisation for Economic Cooperation and Development (OECD) has recommended.

Business • 12 Feb

Most Irish exporters said regulatory fragmentation in the European Union is a burden, the latest EIB Group Investment Survey shows

Irish firms optimistic about business environment - EIB

A European Investment Bank survey reveals that companies in Ireland are optimistic about the business outlook after they moved to limit supply-chain risks and investments in the country returned to pre-pandemic levels.

Business • 12 Feb

The AIB Global S&P Purchasing Managers' Index fell to 53.4 in January from 57.1 in December, slipping below the long-run trend level of 55.1

Services growth slows abruptly in January, PMI shows

The country's services sector grew at its slowest pace in nine months in January as new export business contracted for the first time in six months and employment fell marginally, a survey showed today.

Business • 06 Feb

AIB's Manufacturing PMI rose to 51.3 last month from 49.1 in December, crossing the 50 mark that separates growth from contraction for just the second time in five months

Buoyant manufacturing firms return to growth - PMI

The manufacturing sector returned to growth in January thanks to fresh impetus in output and new orders, as confidence levels among firms remained close to December's 15-month high, a survey shows today.

Business • 04 Feb

Early estimate from CSO shows that GDP slows by 1.3% in the fourth quarter of last year

GDP falls by 1.3% in Q4, CSO preliminary estimate shows

A preliminary estimate from the Central Statistics Office today shows that gross domestic product (GDP) contracted by 1.3% in the fourth quarter of 2024 from the previous three months, but was 6.3% higher than the same quarter the previous year.

Business • 28 Jan

The report warns that the protectionist policies of the new US president pose 'the biggest vulnerability' to the Irish economy

Prudent economic control needed amid Trump risk - report

Ireland should prudently manage its public finances and invest in capital projects to mitigate risks posed by potential tax changes from the Trump administration, according to a report.

Business • 27 Jan

It said domestic demand would grow by 3% this year and by 2% in 2026.

Ibec: Economy to expand in 2025, employment to grow 2.4%

Employers group Ibec has forecast that the economy will continue to expand in 2025 with employment growing by 2.4%.

Business • 22 Jan

The AIB Global S&P Purchasing Managers' Index (PMI) slipped to 57.1 in December from 58.3 in November

Services new business growth at 9-month high in December

The services sector activity expanded slightly slower in December but growth in new business hit its fastest pace since March and optimism for the coming 12 months improved, a survey showed today.

Business • 06 Jan

Residential construction has been disappointing this year

5 threats Ireland faces in 2025

Housing, Donald Trump, a new government, climate and an ageing population are five of the big issues facing Ireland in 2025, writes David Murphy

Business • 02 Jan

The ESRI said an increasing number of households are carrying high levels of mortgage debt, which would leave them vulnerable in the event of a rise in unemployment or a fall in wages

House prices overvalued by up to 10%, ESRI warns

Irish property prices are overvalued by 8% to 10%, according to the Economic and Social Research Institute in its latest Quarterly Economic Commentary.

Business • 12 Dec 24

Davy has predicted that 42,000 homes will be built in 2025, while 50,000 are set to be finished in 2026

Davy estimates 34,000 new homes will be built this year

Stockbrokers Davy says 34,000 new homes will be built in Ireland this year - a marginal increase on 2023 when 32,695 were finished.

Business • 09 Dec 24

GDP, which is still the measure used to calculate Ireland's share of activity across the euro zone, grew 3.5% in the third quarter from the previous three months

Domestic economy grows 3.1% in first nine months of 2024

The domestic economy expanded by 3.1% in the first nine months of this year, according to the latest figures from the Central Statistics Office.

Business • 05 Dec 24

Ireland's GDP is expected to decline by 0.5% in 2024, according to the European Commission's Autumn 2024 Economic Forecast

Irish economy to slow in 2024, 2025 rebound predicted

Ireland's GDP is expected to decline by 0.5% in 2024, mainly due to a contraction in the multinational sector in the first half of the year, the European Commission's Autumn 2024 Economic Forecast has predicted.

Business • 15 Nov 24

The headline Manufacturing PMI increased to 51.5 in October from 49.4 in September

Tentative signs of 'turnaround' for manufacturing sector

Activity in the manufacturing sector improved in October, driven by a rise in output and new orders.

Business • 01 Nov 24

The Irish Fiscal Advisory Council said housing and electricity require investment

IFAC: Irish infrastructure lagging behind EU counterparts

Ireland's infrastructure is lagging 25% behind that of high-income European economies, according to the Irish Fiscal Advisory Council, with the council also saying a doubling of last year's housing output is needed to catch up with a growing population.

Business • 30 Oct 24

A preliminary estimate from the CSO shows the country's GDP grew by 2% in the third quarter from the second quarter

GDP up by 2% in third quarter - CSO preliminary estimate

A preliminary estimate from the Central Statistics Office shows that the country's gross domestic product grew by 2% in the third quarter from the previous three months, but was 1.2% lower than the same quarter last year.

Business • 29 Oct 24

The response to the measures introduced in Budget 2025 were muted

'Small bounce' in consumer sentiment after Budget

There was a "small bounce" in consumer sentiment in October, but little sense that consumers think Budget 2025 will dramatically improve the outlook for their household finances.

Business • 25 Oct 24

Bank of Ireland has revised down its forecast for Irish GDP growth to a 1% contraction for this year, while modified domestic demand is set to rise by 2.3%

40% of homes being sold for 10% more than asking prices

Bank of Ireland said new analysis shows that competition for homes intensified during the summer with almost 40% of transactions now being settled at a minimum 10% premium over the original asking price.

Business • 23 Sep 24

Quarterly economic figures for the Irish economy are notoriously volatile and many economists have been forecasting growth for the full year of 2024.

Domestic economy grew by almost 2% in first half of 2024

The domestic economy grew by almost 2% in the first six months of this year, according to latest figures from the Central Statistics Office.

Business • 05 Sep 24

The AIB S&P Global manufacturing Purchasing Managers' Index (PMI) edged up to 50.4 in August from 50.1 in July

Factory activity grew slightly in August - AIB PMI

Manufacturing activity grew in August at its fastest rate in six months, boosted by production increases and a faster rise in employment numbers, a new survey showed today.

Business • 02 Sep 24

AIB's Global S&P Purchasing Managers' Index fell to 53.6 from 54.2 in June, slightly below the trend so far this year,

Services growth moderates slightly, PMI shows

Service sector growth moderated slightly for the second successive month in July, but a pick up in new business, the year-ahead outlook and jobs growth pointed to positive signs for firms, a survey showed today.

Business • 06 Aug 24

Total social spending across Dublin in pubs, restaurants and fast food las weekend rose by 13% compared to the previous weekend

Spending rises swiftly as the Taylor effect hits Dublin

The latest Bank of Ireland Spending Pulse, which analyses debit and credit card spending, reveals the economic impact of Taylor Swift's three day of concerts in Dublin last weekend.

Business • 04 Jul 24

The transport, tourism and leisure saw its steepest decline in activity since October 2023, the latest AIB Services PMI shows today

Service sector growth moderates, input costs fall sharply

Growth in the country's service sector moderated slightly in June, bringing jobs growth to a near standstill but a sharp drop in input costs offered welcome relief to firms, a survey showed today.

Business • 03 Jul 24

Irish Economy