Dublin saw ‘concerning’ slowdowns in manufacturing and construction in Q4 via IrishTimesBiz
According to MasterCard data, the value of retail spending by consumers in Dublin grew by 1.2 per cent quarter-on-quarter and 6 per cent year-on-year.
Dublin’s unemployment rate receded slightly to 4.8 per cent. Employment growth of 1.1 per cent year-on-year was a contributory factor with industry and construction representing the main drivers on the back of expansions of 5.6 per cent and 20.9 per cent respectively. House prices fell by a combined 0.6 per cent across the three months of the fourth quarter, but remained up by 6 per cent, while rents maintained an upward trajectory across the city and county.
“This may be a reflection of the rising costs of air travel combined with slowing economic activity in key inbound tourist markets,” the monitor noted.
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