Dublin Economic Monitor 11th Edition Launched

Dublin Economic Monitor 11th Edition Launched

Dublin Economic Monitor 11th Issue

A joint initiative of the four Dublin local authorities, the Monitor shows that Dublin’s economy is gathering pace with positive trends across a range of indicators, most notably in the labour market and tourism sector.

Key Highlights (all seasonally adjusted):

• Dublin’s unemployment rate dipped to a 9-year low of 6.1% in Q2 2017.

• Residential rents in Dublin returned to strong levels of growth in Q2 2017 as average rents for houses and apartments reached new peaks.

• Residential property prices rose to a 9-year high with YoY growth rates exceeding 11% in both June and July.

• Public transport trips continued to grow strongly to reach a new peak of over 52 million passenger journeys in Q2 2017.

• Passenger arrivals at Dublin Airport maintained upward momentum in Q2 2017 on the back of greater connectivity to other international destinations.

• Housing completions in Dublin increased to over 540 in May 2017 and will be expected to rise further on the back of greater levels of housing commencements.

This issue of the Economic Monitor contains a special report by Bryan Coughlan of Fingal County Council on the strong competitiveness of the Irish and Dublin economies in an international context.

Lorcan Blake, Economic Consultant at DKM Economic Consultants said: “It is evident that the Dublin economy has maintained its momentum in 2017 with the labour market showing particularly positive signs.  Rising employment and tourism volumes have fed through to many aspects of the economy, including both Dublin Airport and the public transport system where passenger journeys continue to increase at strong rates.”

Further information and to download the monitor