Central Bank of Ireland governor Gabriel Makhlouf. Photo: Steve Humphreys
Data today from the CSO will provide insights into two of the most vexed issues impacting the country, with highlights from the housing hub data set and Ireland’s tax statistics due.
Earnings and labour costs data is due tomorrow with labour market churn figures due on Thursday.
Eurostat data this week includes third-quarter numbers on EU trade with USA, covering the run to the tariffs deal agreed in August. The European stats agency will also publish data on trade with Russia this week, providing an insight into the workings of the sanctions regime.
The Central Bank of Ireland holds its Financial System Conference in Dublin tomorrow, where speakers will include governor Gabriel Makhlouf, president of De Nederlandsche Bank Olaf Sleijpen, and Piero Cipollone, a member of the European Central Bank executive board.
The Irish Fiscal Advisory Council is due to release its Fiscal Assessment Report on Wednesday. The report will assess Budget 2026 as well as the wider economic and budgetary context, and is likely to make uncomfortable reading for Government, even after the exit of Paschal Donohoe to a new World Bank role.
Budget 2026 ramped up current public spending and funnelled controversial tax breaks to select sectors including the Vat cut for hospitality, despite a broad expert consensus against both moves.
Elsewhere, with markets on tenterhooks, investors will get some insights this week into the strength of the US economy, with Black Friday putting the spotlight on holiday shopping.
Consumer spending accounts for over two-thirds of US economic activity.
A weakening stock market could factor into how US consumers spend over the holidays, particularly those with higher incomes who are more invested in equities, as could a softer jobs market.
Data from the delayed monthly employment report released on Thursday showed the US unemployment rate increased at a four-year high of 4.4pc.
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