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Irish Economy Watch - February 2025
- Manufacturing PMI rose to 51.3 in January, indicating a first monthly expansion since October
- The services PMI fell to 53.4 in January, consistent with a slower pace of expansion
- Retail sales were 0.4% lower YoY in December
- Housing commencements 12 month running total at 60.6k in January
- House price annual inflation averaged 8.5% in 2024
- CPI inflation rate rose to 1.9% in January. HICP rate up to 1.7% also
- Goods export rose sharply by 14.2% in 2024, led by a strong increase in pharma exports
- 12 month rolling Exchequer surplus widens to €14.1bn in January
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