Fiscal Balance in Ireland
Ireland - Fiscal BalanceAvailable data signals the economy lost traction in the second quarter, largely owing to the unwinding of Brexit-related stockpiling. The manufacturing PMI tumbled to a near three-year low in May, as firms wound down inventories owing to the Brexit delay, after building up stocks in Q1 to guard against a potential no-deal scenario at the end of March. Moreover, despite increased bank lending and the unemployment rate at an over one-decade low, retail sales growth weakened in April as inflation soared to a near seven-year high and households turned more pessimistic. That said, the second-quarter’s expansion seems healthy overall. Export growth was solid in April, aided by a weaker euro against the sterling, while activity in the services sector strengthened. Moreover, slightly less downbeat consumer confidence, easing price pressures and a slide in the unemployment rate to an over 14-year low in May could have spurred higher spending.
Ireland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-6.2||-3.6||-1.9||-0.7||-0.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.11||0.27 %||Jul 11|
|Exchange Rate||1.13||0.65 %||Jul 11|
|Stock Market||6,276||-0.39 %||Jul 11|
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
July 11, 2019
The economy accelerated notably in the first quarter, with GDP growth in quarter-on-quarter and seasonally-adjusted terms jumping to 2.4% from the 0.3% expansion in Q4 2018.
July 5, 2019
The highly volatile Irish manufacturing industries production index rose 2.5% in seasonally-adjusted, month-on-month terms in May, following a 3.4% upturn in April.
July 3, 2019
The Irish service sector remained largely stable in June, as reflected by only a marginal decrease in the AIB service Purchasing Managers’ Index (PMI) to 56.9 from 57.0 in May, thus remaining comfortably above the critical 50-point threshold that separates improvement from deterioration in business conditions.
July 1, 2019
In June, business conditions in Ireland’s manufacturing sector dipped into negative territory for the first time since May 2013.
June 8, 2019
The KBC Bank Ireland/ESRI consumer sentiment index climbed for a third consecutive month in June, edging up to 90.7 points from May’s 89.9 points result.