Irish Economy Watch - January 2025
by AIB Treasury's Economic Research Unit
- Manufacturing PMI fell to 49.1 in December, indiating a marginal contraction in activity in the sector
- The services PMI eased to 57.1 in December, consistent with a slower, albeit still strong pace of expansion
- Retail sales were 1.0% lower YoY in November
- Housing commencements up 83.7% in 2024 to north of 60k
- House price annual inflation eased slightly to +9.4% in November
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