Current Account in Ireland

Ireland Current Account | Economic News & Forecasts

Ireland - Current Account

Challenging external conditions and downbeat economic sentiment appeared to weigh on activity in the second quarter after surging in Q1. Merchandise export growth fell, shrinking for the first time in 15 months in June. Meanwhile, retail sales decelerated throughout the quarter and consumer confidence turned more pessimistic, suggesting that household spending lost steam in Q2 despite the unemployment rate falling. Moreover, the manufacturing PMI slid throughout the quarter, falling into contractionary territory in June. On the upside, industrial activity made greater gains in the second quarter, although a downward trend hints at a slowdown ahead, while the services PMI rose in the quarter. Turning to the third quarter, survey-based data continued to point to a two-speed economy: In July, the manufacturing PMI tumbled to an over six-year low, while the services PMI indicated a brisk, albeit moderating, expansion.

Ireland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.6  1.1  4.4  -4.2  0.5  

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Ireland Current Account Chart

Ireland Current Account
Note: Current account balance as % of GDP.
Source: Central Statistics Office Ireland and FocusEconomics calculations.

Ireland Facts

Bond Yield-0.330.27 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market5,962-0.39 %Sep 04

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