Dublin Economy Continues to Grow Despite Housing Pressures

The fifth issue of the Dublin Economic Monitor has been launched today. A joint initiative of the four Dublin local authorities, the Monitor looks exclusively at the Dublin region, and tracks 15 key economic indicators. It captures data from the height of the boom to the economic crash and the subsequent recovery.

The Dublin Fingal Team at Q4 Dublin Economic Monitor launch ; Tony Lambert, Paul Reid, Councillor Kieran Dennison, Ed Hearne, Guy Thompson and Oisin Geoghan

Most of these indicators show that Dublin’s economic performance is improving, but domestic challenges related to housing and the delayed formation of a new government are problematic for the capital. Click here to read the latest issue.

The Key Highlights

• Dublin unemployment rates remained stable at 7.8% in Q4 2015 as total employment increased marginally in the Capital.Click Here for graphic chart
• Residential rents for Dublincontinued to rise in Q4 2015 as average apartment rents reached the highest level recorded since Q3 2007.Click Here for graphic chart
• Dublin house completionsaccelerated in February 2016 with over 440 units completed in the month.Click Here for graphic chart
• Dublin Airport’s arrivalsagain exceeded one million in December 2015 to cap a year of remarkable growth (+15.1%).Click Here for graphic chart
• Dublin Port maintained significant momentum in the first quarter of 2016, handling over 8.6 million tonnes of cargo.Click Here for graphic chart
• The Dublin MARKIT PMI Dublin PMI data continued to increase sharply in Q1 2016 with the strongest expansion in business activity occurring in the construction sector.Click Here for graphic chart
• Dublin KBC/ESRI Consumer sentiment in Dublin improved in Q1 2016, driven principally by more positive consumer assessments of financial circumstances.