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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July 2017

July’s issue includes data on the economic scene in Dublin, as well as a special report on tourism in the capital and Dundrum Town Centre

April 2017

April’s issue features Ronan Lyons speaking about housing issues, Cormac McCarthy on infrastructure and the latest economic statistics

January 2017

January’s issue includes details on Dublin’s economy, the IHS Markit, and a report on the 2017-2019 enterprise strategy

  • “The Dublin economy remains buoyant with positive trends across most of the main economic indicators. The 1916 Commemorations will have given a boost to the city region in the first quarter of 2016, but significant domestic and international uncertainty is of concern.”

    John Lawlor, Director, DKM

  • "The Dublin economy showed further signs of strength at the start of 2016. Output growth remained sharp, despite easing slightly from the end of 2015. There were some divergences at the sector level, with substantial expansions in the services and construction sectors contrasting with a slowdown in growth of manufacturing production."

    Dublin Markit PMI

  • “Dublin consumer sentiment improved in early 2016 on increased optimism regarding household finances and the outlook for jobs. While consumers scaled back their views on Irish economic prospects, presumably reflecting increased uncertainty at home and abroad of late, this didn’t prevent some improvement in their assessment of the buying climate.”

    KBC Consumer Sentiment Index

HIGHLIGHTS

DUBLIN'S UNEMPLOYMENT RATE

remained stable in the first quarter of 2017 at 6.3%.

RESIDENTIAL RENTS IN DUBLIN

showed some signs of moderation in Q1 2017 as rents declined QoQ for apartments and remained stable for houses.

DUBLIN’S HOTEL MARKET

remained buoyant in Q2 2017 as occupancy rates exceeded 82% and Average Daily Room Rates reached a new post-recession peak. Housing completions in Dublin.

KBC/ESRI Consumer Sentiment

consumer sentiment in Dublin rose sharply in Q2 2017 driven by a strengthening jobs market and more positive perceptions of the economic outlook.

RESIDENTIAL PROPERTY PRICES

growth accelerated to over 8% YoY in both March and April 2017.

THE DUBLIN MARKIT PMI

Dublin PMI data indicated a sharp and accelerated increase in business activity in Q2 2017, with a particularly strong expansion in the construction sector.

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