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Irish Economy Watch - June 2025
- Manufacturing PMI eased slightly to 52.6 in May
- The services PMI rose to 54.7 in May, consistent with a sharper pace of expansion
- Retail sales were up by 0.9% in the three months to April
- Housing commencements 12 month running total back at 41k in May
- House price annual inflation slowed to +7.5% in April
- CPI inflation rate eased to 1.7% in May. HICP rate declined to 1.4% also
- Goods export rose by 51.3% YTD in April, led by a sharp increase in pharma exports (+117%)
- 12 month rolling Exchequer surplus narrowed to €16.0bn in May
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