The Dublin Economic Monitor is a joint initiative of the four Dublin local authorities, the Monitor looks exclusively at the Dublin region which incorporates the four local authority areas of Fingal, Dublin City, Dun Laoghaire-Rathdown and South Dublin, and tracks 15 key economic indicators. It captures data from the height of the boom to the economic crash and the subsequent recovery. Most of these indicators show that Dublin is recovering strongly while there are also increasing challenges in the area of housing supply.
Key Highlights Q3 2015:
- Employment: Unemployment rates in Dublin fell rapidly in Q2 2015 as job creation accelerated. The current unemployment rate in Dublin is 8.1%.
- Housing: Residential rents for Dublin houses and apartments increased for a 9th consecutive quarter. Supply shortages continued to affect the market, and house completions remained weak with just over 1,500 completions in the first half of 2015.
- Airport Arrivals: Passenger arrivals at Dublin Airport recorded strong growth in the first half of 2015 with over 6 million arrivals over the period (seasonally adjusted).
- Car Licensing: New cars licensed in Dublin in August 2015 were one-fifth higher than for the same period in 2014.
- Population: Latest estimates indicate that Dublin’s population expanded strongly by 2.4% (+27,300) in the year to April 2015 with over 1.3 million people now residing in the Dublin Region.
- Consumer Sentiment: KBC/ESRI Dublin Consumer Sentiment in Dublin weakened somewhat in Q3 2015 from the record high in the previous quarter as consumers expressed caution around big-ticket purchases and the jobs market.
- Business Output: MARKIT Dublin PMI data showed continued strong growth across the board in Q3 2015, with improved business confidence and greater workloads boosting employment.
We hope you find the Monitor useful and would welcome any feedback to info@leo.dublincity.ie
