Exchange Rate in Ireland
Ireland - Exchange RateCovid-19 and consequent containment measures have dealt a significant blow to the economy in Q2, after growth slowed in Q1 on a downturn in domestic demand. In April, manufacturing activity plunged; both the manufacturing and services PMI remained mired in contractionary territory in April–May amid depressed demand; and retail sales nosedived to a series low in April, reflecting the impact of lockdown measures on consumer spending. In better news, the lockdown has gradually been eased since mid-May, with restrictions being loosened more rapidly in June: Commercial centers reopened from 15 June, while bars, restaurants, hotels and other services to resumed activity on 29 June. Meanwhile, on 27 June, Micheál Martin of Fianna Fáil was elected as Ireland’s new prime minister. Martin will lead a historic three-way coalition alongside long-time rivals Fine Gael, as well as the Green Party. The presented policy agenda is largely focused on reactivating the economy and restoring employment.
Ireland - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||-0.09||0.27 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 7, 2020
Manufacturing output grew 13.0% month-on-month in seasonally-adjusted terms in June (May: -14.1% mom).
August 3, 2020
The AIB manufacturing Purchasing Managers’ Index (PMI) surged from 51.0 in June to 57.3 in July as the easing of containment measures continued, marking the best reading since August 2018.
July 20, 2020
The KBC Bank Ireland/ESRI consumer confidence index came in at 62.6 in July, up from June's 61.6 and further above the 42.6 reading of April, which was the second lowest on record and due to the pandemic.
July 6, 2020
Manufacturing output decreased 10.5% month-on-month in seasonally-adjusted terms in May (April: -12.2% mom).
July 3, 2020
The AIB services sector Purchasing Managers’ Index (PMI) increased to 39.7 in June from 23.4 in May.