Irish GDP Surges in Q1 2025 âšī¸
Ireland's economy grew 7.4% in Q1 2025, driven by multinational exports and capital investment, despite a downward revision from initial estimates.
Mixed economic signals with strong export performance from multinational sectors offset by modest domestic consumption and declining GNP suggest a complex economic landscape with potential volatility.
Irish Real Estate Construction Shrinks the Most in 5 Months âšī¸
BNP Paribas Real Estate Construction PMI in Ireland declined to 48.6 in June 2025, indicating continued sector contraction with housing and civil engineering experiencing sharp declines, while employment and purchasing activity showed minimal growth.
Declining construction PMI signals potential economic slowdown in the Irish real estate sector, with implications for construction-related investments and broader economic sentiment. Softening input and output cost inflation, coupled with deteriorating business sentiment, suggests challenging market conditions.
Irish Services Growth Eases to 17-Month Low âšī¸
AIB Ireland Services PMI declined to 51.5 in June 2025, showing modest business growth with weakening export orders and slowing job creation amid global trade tensions.
Moderate economic indicators suggest cautious market conditions with mixed signals across service sectors. Weak export orders and modest business growth point to potential economic headwinds, while technology and business services show resilience.
Ireland Current Account Narrows Sharply in Q1 âšī¸
Ireland's current account surplus decreased to âŦ5.8 billion in Q1 2025, significantly lower than the previous year, with notable shifts in services, primary income, and goods balances.
Macroeconomic data reveals a complex shift in Ireland's external economic position, with mixed signals across different income categories. The narrowing surplus suggests potential economic headwinds, but the substantial goods surplus provides some counterbalance.
Irish Jobless Rate Steady at 4% âšī¸
Ireland's unemployment rate remained stable at 4% in June 2025, with a decline of 5,000 unemployed persons and a year-on-year reduction from 4.4% to 4%.
Macroeconomic data indicates stable labor market conditions with minor fluctuations, suggesting consistent economic performance without significant disruption or extraordinary growth.