“The COVID-19 pandemic pushed Dublin economic output into contraction in March, resulting in a stagnation across the first quarter as a whole after growth had been recorded in the first two months of the year. This in itself was the worst performance for over seven years.”
“Q1 2020 marked the end of nearly eight years of uninterrupted growth in the Dublin economy. In that period, unemployment in the city fell from a peak of 13.7% in 2012 to a trough of 4.5% in Q4 2019 as the local economy boomed. The COVID-19 crisis has reversed much of this progress in a matter of weeks. As we emerge from the crisis, the Dublin Economic Monitor will be a vital resource to track these changes and the city’s progress.”
“Mirroring international patterns, spending on essentials at the end of Q1 contrasted sharply with declines in discretionary expenditure. Stockpiling Necessities and Household Goods ahead of COVID-19 restrictions helped offset the largest YoY contraction in Entertainment expenditure since 2014. Meanwhile, online sales have gained momentum, a trend that looks set to continue.”
rose marginally to 4.6% in Q1 with a sharp COVID-19 related increase.
in Dublin grind to a halt in Q1 2020 with the Markit PMI index indicating contraction for the first time.
trips in Dublin reached 57.3 million in Q1 2020, a 4.7% YoY decrease as movement restrictions were implemented.
fell for the fourth consecutive quarter in Q1 2020, bringing the YoY decline to -4.7%.
fell dramatically to 33% in April 2020 (a decline of 57% YoY) as a direct result of COVID-19 related restrictions on travel and movement.
through Dublin Airport in Q4 2019 stood at 8.1 million, down -1.3% on the previous quarter.
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