Ireland Economic Outlook
January 30, 2018The Irish economy remains on a solid growth path in the fourth quarter. Buttressed by high consumer confidence and a solid labor market, retail sales growth in November accelerated to the fastest clip since July 2016. Unemployment continued to drop in December, and the unemployment rate closed the year at the lowest value since May 2008. Survey-based data for December is also positive: The manufacturing PMI reached an all-time high, and the services PMI recorded its strongest expansion since April. Output in the private sector benefited from higher demand volumes, particularly from overseas markets. Furthermore, Irish manufacturers and service providers were optimistic about the economic outlook for next year and expect economic conditions to improve. The latest stream of data confirms that the economy is in good shape despite Brexit-related uncertainty, particularly in the final months of the year, when disagreements over the Irish border nearly caused Brexit negotiations to collapse.
Ireland Economic GrowthGrowth in private consumption and fixed investment will support domestic demand, while the external sector will benefit from a pick-up in overseas demand. FocusEconomics panelists expect GDP to grow 3.9% in 2018, which is up 0.3 percentage points from last month’s forecast. In 2019, the panel expects growth to slow to 3.1%.
Ireland Economy Data
5 years of Ireland economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.86||0.27 %||Feb 14|
|Exchange Rate||1.24||0.65 %||Feb 14|
|Stock Market||6,723||-0.39 %||Feb 14|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Ireland Economic News
February 6, 2018
The highly volatile Irish industrial production index rose 3.1% over the previous month in seasonally-adjusted terms in December, contrasting the revised 9.7% contraction (previously reported: -9.4% month-on-month) observed in November.
February 6, 2018
The Investec services Purchasing Managers’ Index (PMI) declined from 60.4 points in December to 59.8 points in January.
February 1, 2018
The Investec manufacturing Purchasing Managers’ Index (PMI) declined from December’s record-high of 59.1 points to 57.6 points in January.
January 4, 2018
The Investec services Purchasing Managers’ Index (PMI) rose from 56.0 in November to 60.4 in December, pushing the indicator to its best reading since April 2017.
January 2, 2018
The Investec manufacturing Purchasing Managers’ Index (PMI) rose from 58.1 points in November to 59.1 points in December, a record high.