This week’s Irish GDP data provide the first full breakdown of the economy in Q2 2024.
Other reliable domestic indicators point to continued robust growth in the Irish economy, including compensation of employees, up 3.7% y/y, mirroring the strong employment and wage growth in Q2.
Elsewhere, this week’s exchequer returns also signalled ongoing growth in the Irish economy, with domestically-driven VAT receipts up 6% y/y in the three months to end-September, while income taxes were up 7% over the same period.
Turning to the week ahead, the monetary policy spotlight will be on the ECB meeting this Thursday.
