Current Account in Ireland
Ireland - Current AccountThe Irish economy stumbled in Q4 2018, decelerating from the previous quarter on a slowdown in domestic demand. Fixed investment growth fell sharply in the quarter, reflecting a contraction in construction-related investment for the first time in more than two years. This, along with a softer upturn in private consumption, underpinned the notable weakening in growth. Brexit-related uncertainty was again the main culprit weighing on household spending and business investment decisions. Turning to 2019, the picture remains largely tilted to the downside: Retail sales lost traction in January and consumer confidence tumbled to an over four-year low in February. Moreover, manufacturing and service PMIs for January–February were relatively low compared to last year’s readings. On a positive note, the labor market continued to tighten in February, although rising pressures on wages could be a prescient sign of mild overheating.
Ireland - Current Account Data
|Current Account (% of GDP)||2.1||1.6||11.9||3.3||12.5|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Current Account Chart
Source: Central Statistics Office Ireland and Met the why particular calculations.
|Bond Yield||0.15||0.27 %||Apr 22|
|Exchange Rate||1.13||0.65 %||Apr 22|
|Stock Market||6,511||-0.39 %||Apr 18|
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April 4, 2019
The KBC Bank Ireland/ESRI consumer sentiment index recovered some lost ground in March, climbing to 93.1 from 86.5 in February.
April 4, 2019
The highly volatile Irish manufacturing industries production index declined 0.4% in seasonally-adjusted, month-on-month terms, contrasting a 16.3% rise in January.
April 3, 2019
The Irish service sector decelerated slightly in March, reflected by a drop in the Investec service Purchasing Managers’ Index (PMI) to 55.3 in March, down from 55.9 in February.
April 2, 2019
Business conditions in Ireland’s manufacturing sector eased slightly at the end of the first quarter, but nonetheless remained robust.
March 14, 2019
National accounts data published by the Central Statistics Office on 14 March showed that the economy slowed markedly for the second consecutive quarter in Q4 2018.