Current Account in Ireland

Ireland Current Account | Economic News & Forecasts

Ireland - Current Account

The 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)2.1  1.6  11.9  3.3  12.5  

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Ireland Current Account Chart

Ireland Current Account
Note: Current account balance as % of GDP.
Source: Central Statistics Office Ireland and Met the why particular calculations.

Ireland Facts

Bond Yield0.150.27 %Apr 22
Exchange Rate1.130.65 %Apr 22
Stock Market6,511-0.39 %Apr 18

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