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Irish Economy Watch - July 2025
- Manufacturing PMI stayed firmly in expansion mode, rising to 53.7 in June
- The services PMI fell to 51.5 in June, consistent with a slower pace of growth
- Core retail sales were up by 0.3% in the three months to May
- Housing commencements 12 month running total back below 41k in June
- House price annual inflation rose to +7.9% in May
- CPI inflation rate rose to 1.8% in June. HICP rate increased to 1.6% also
- Goods exports up by 46.9% YTD in May, led by a sharp increase in pharma exports (+108%)
- 12 month rolling Exchequer surplus narrowed to €14.2bn in June
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