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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August 2018

Including up-to-date economic data, the Mastercard Spending Pulse, and a special report on the Dublin Bay Biosphere Partnership.

May 2018

May’s issue has the latest Dublin Mastercard Spending Pulse, as well as a look at tourism and the strengthening Dublin economy.

February 2018

February’s issue includes data on the capital’s economy incorporating the launch issue of the Dublin Mastercard Spending Pulse.

  • “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.

  • “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.

HIGHLIGHTS

DUBLIN'S UNEMPLOYMENT

falls to 5.7% in Q1 2018.

RESIDENTIAL RENTS IN DUBLIN

continue on upward trend with tenants paying an average €1,500 in Q1 2018.

DUBLIN AIRPORT

welcomed an additional 16,500 passengers in March 2018 compared to March 2017.

KBC/ESRI Consumer Sentiment

Overall, consumer sentiment remains in positive territory but Q2 2018 has seen a broad-based downturn in confidence relative to Q1. The decline has occurred both in and outside Dublin suggesting a broad-based moderation in sentiment.

RESIDENTIAL PROPERTY PRICES

inflation moderated in May 2018 registering growth of 10.7% YoY.

The Dublin MARKIT PMI

Output continued to rise sharply in the Dublin private sector in Q2 2018, extending the current sequence of growth to 23 quarters. The Dublin PMI moved up to 58.5 from 58.0 in the opening quarter of the year.

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