TRACKING DUBLIN’S PERFORMANCE

The Dublin City Region plays a pivitol role in the economy of Ireland. The Dublin Economic Monitor tracks the capital’s performance quarterly to provide insightful data.

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November 2019

With 2020 around the corner, take a look at what Brexit and the tumultuous international economy means for Dublin’s growth.

August 2019

Keep up to speed on the latest economic data for Dublin and get insights on Dublin’s housing market and the public transport sector.

May 2019

Get up-to-date economic data for Dublin, and special reports on Ireland’s sports economy and South Dublin’s Sustainable Business Programme.

  • “The Dublin private sector economy continued to grow strongly during the third quarter of 2017, supported by sharp rises in new work. There was a welcome pick-up in the rate of job creation following a slowdown in Q2, with firms increasingly willing to take on extra staff in line with higher workloads”

    Andrew Harker, Senior Economist at IHS Markit.

  • “The Dublin economy has maintained its momentum in 2017 with the labour market showing particularly positive signs. Rising employment and tourism volumes have fed through to many aspects of the economy, including both Dublin Airport and the public transport system where passenger journeys continue to increase at strong rates.”

    Lorcan Blake, Economic Consultant at DKM Economic Consultants.

  • “Dublin consumer sentiment saw a strong improvement as the persistence of healthy trends in activity and employment eased earlier fears of a sharp Brexit related slowdown.”

    Austin Hughes, Chief Economist at KBC Bank Ireland.

HIGHLIGHTS

DUBLIN’S UNEMPLOYMENT

rate remained unchanged at 4.4% in Q2 2019, the lowest rate since Q1 2005.

DUBLIN’S PROPERTY PRICES

eased further in August 2019 (-0.3% YoY), the lowest rate since October 2012. On a monthly basis prices rose for the 4th consecutive month (+0.6%).

DUBLIN’S EMPLOYMENT

in Financial, Insurance and Real Estate Activities hit all-time highs in Q2, supported by Brexit relocations.

THE MASTERCARD DUBLIN SPENDINGPULSE

shows that Dublin retail sales growth was solid in Q3 (+4.7% YoY) driven by Household Goods. Tourism spend is up 8.3% YoY but spending by UK and German visitors contracted.

PUBLIC TRANSPORT TRIPS

trips in Dublin reached 61 million in Q3 2019 (+8.8% YoY). The LUAS continues to grow its share of passengers (19.9%) and at 15.1%, YoY had the fastest growth rate.

The Dublin MARKIT PMI

recorded its slowest pace of expansion since Q2 2013 following three consecutive quarters of deceleration. Despite this, at 53, it continues to indicate solid growth.

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