Exchange Rate in Ireland
Ireland - Exchange RateAfter contracting in Q4, the economy is likely to have rebounded in Q1 in sequential terms. Most Covid-19 restrictions were scrapped in January, boosting spending and easing disruptions to labor supply. Retail sales growth plus the manufacturing and services PMIs averaged higher in Q1 than in Q4. That said, rising energy price pressures will have hurt consumer spending and the external balance; import growth averaged higher in Q1 relative to Q4, and consumer confidence was down sharply in March. Some support to growth will have come from the government’s EUR 505 million relief package in February and a fuel excise cut in March. Heading into Q2, activity is likely to weaken. Harmonized inflation reached record highs in April, while consumer confidence continued to slip in April–May. Additionally, supply bottlenecks and weakening foreign demand pushed the manufacturing PMI down in April.
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 4, 2022
The S&P Global Services Purchasing Managers’ Index (PMI) came in at 56.3 in July, up from June's 55.6.
August 1, 2022
The AIB Manufacturing Purchasing Managers' Index (PMI) fell to 51.8 in July from June's 53.1.
July 7, 2022
Industrial output increased 13.9% in month-on-month seasonally-adjusted terms in May, which contrasted April's 9.6% decrease.
July 5, 2022
The S&P Global Services Purchasing Managers’ Index (PMI) fell to 55.6 in June from May's 60.2.
July 1, 2022
The AIB Manufacturing Purchasing Managers' Index (PMI) came in at 53.1 in June, down from May's 56.4.