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Irish Economy Watch - September 2025
- Manufacturing PMI stayed in expansion mode but fell to 51.6 in August.
- The services PMI eased further to 50.6 in august, consistent with a slower pace of growth.
- Core retail sales rose by 1.3% in the three months to July.
- Housing commencements 12 month running total back below 39k in August.
- House price annual inflation eased to +7.5% in July.
- CPI inflation rate rose to 2.0% in August. HICP rate increased to 1.9% also.
- Goods exports up by 33.3% YTD in July, led by a sharp increase in pharma exports (+78.9%).
- 12 month rolling Exchequer surplus narrowed to €12.2bn in August.
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