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Irish Economy Watch - August 2025
- Manufacturing PMI stayed firmly in expansion mode at 53.2 in July
- The services PMI eased further in July to 50.9
- Core retail sales rose by 1.0% in the second quarter
- Housing commencements 12 month running total back below 41k in June
- House price annual inflation remained at +7.8% in June
- CPI inflation rate fell to 1.7% in July. HICP rate remained at 1.6%
- Goods exports up by 40.8% YTD in June, led by a sharp increase in pharma exports (+93.7%)
- 12 month rolling Exchequer surplus narrowed to €13.5bn in July
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