Dashboard Statistics November 2017 - DBEI

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September 2017. Manufacturing PMI. 55.4. (56.1 August 2017). Input Costs 59.0. (Investec. /Markit). September 2017. Serv
November 2017 Dashboard Statistics October 2017

Q1 2012- Q2 2017

Monthly Unemployment Rate

Jobs Growth since APJ Launch

6.0%

+224,000

(131k Unemployed 249k on Live Register (Sep) -14.4% (-42k) Sep’16)

(+3,300 Q2 2017 +66,100 2016 +44,500 2015)

(CSO)

(CSO)

(Action Plan for Jobs)

August ‘16- August ‘17

Year to August ‘17

Year to September ‘17

eCommerce Spend

Retail Sales

New Goods Vehicles

+15.1%

+6.7% Volume +3.8% Value

Year to End Q3 2017

Employment Permits +15% (9,712) Received* +13% (8,449) Issued - 0.6% (2,459) ICT Issued

(€10.2bn to August 2017) (€13.2bn full year 2016) (€10.8bn full year 2015)

(DBEI)

12 months to Q2 2017 2020 Jobs Target +200,000 with +135,000 outside Dublin (4 of 5 new jobs outside Dublin)

(excl. motor sales)

24 October 2017

Euro

£0.89 $1.18 (From 30 Dec.’16 €/$ +11.6%: €/£ +4.3%)

(Central Bank)

-13.5% (+22.6% year 2016) (New and Imported Used Goods Vehicles -1.19%) (CSO)

(Central Bank)

(CSO)

August ‘16 to August ‘17

September 2017

Manufacturing Turnover

Year to September 2017

Receivers appointed over assets of company

New Company Incorporations

Services Output Value

277

16,841

(+4.9% change Sept 2016 Sept 2017)

(+6.9% change Sept 2016 Sept 2017)

(ICT -18.6% Accommodation & Food +4.7%)

(CRO) Q2 2016 – Q2 2017 Regional Unemployment Rate (NUTS 3) Unemployment rate falling in all regions (Dublin 6.2% Outside Dublin 6.4%)

(CRO)

(CSO)

Q2-2016-Q2 2017 Sectoral Employment 11 out of 14 economic sectors growing

Q2 2016 – Q2 2017 Full time and Part time Employment Full time employment growing (+5.0%) and parttime decreasing (-6.4%)

-4.3% Value (2.4% Volume) (CSO)

Q2 2016 – Q2 2017 Regional Employment Rate (NUTS 3) Employment growing in 7 out of 8 regions (Dublin 1.5% Outside Dublin 2.8%) (Border the exception) (CSO- QNHS) 2017 (CSOQNHS) Competitiveness Ranking 6th (up from 7th 2016; 2nd most competitive in the Euro area) (IMD Rankings)

(CSO- QNHS)

(ICT +9.3% Construction +7.7%)

August ‘16- August ‘17

-1.9%

(CSO- QNHS) August ‘16 to August ‘17

(CSO- QNHS) Q2 2017

Goods Exports

Current Account Deficit

+3.0%

-1.2% GDP

(Thompson Reuters Global Rankings for Scientific Research)

(Food & Live Animals +16.0%) (UK exports +0.3% UK imports +8.0%) (CSO)

(-2.5% Q2 ’16) Merchandise €23,360m Services & Income -€24,232m (CSO)

2017

Scientific Research 10th (up from 36th in 2003)

Sept ‘16- Sept ‘17 Real Harmonised Competitiveness Indicator

September 2017

September 2017

September 2017

Manufacturing PMI

Services PMI

Construction PMI

+3.17%

55.4

58.7

56.5

(56.1 August 2017)

(58.4 August 2017)

(55.1 August 2017)

(Real HCI deflated by producer prices)

Input Costs 59.0

Input Costs 58.9

Input Costs 63.5

(Central Bank)

(Investec /Markit)

(Investec /Markit)

(Ulster Bank/Markit)

Note: Direction of arrow indicates change from previous month, quarter or year. Colour of arrow indicates positive (Green) or negative (Orange) impact on the economy

Strategic Policy Division

UK & NI Brexit Economic Dashboard, November 2017 UK GDP Growth (f)

UK Inflation (f)

2.0% 2017 1.6% 2018

2.4% 2017 2.3% 2018

(+0.4% 3 months ending Sept '17)

(+2.8% August '17)

(OBR & ONS)

(OBR & ONS)

UK Current account deficit % GDP (f)

UK Unemployment (f)

4.9% 2017 5.1% 2018

-5.2% 2016 -3.5% 2017 -3.2% 2018

(4.3% 3 months ending August '17)

(OBR & ONS)

(OBR & ONS)

September '17

September '17

September '17

September '17

UK Manufacturing PMI

UK Services PMI

UK Construction PMI

Northern Ireland PMI

55.9

53.6

48.1

55.1 Output

(56.9 August '17)

(53.2 August '17)

(51.1 August '17)

(55.0 August '17) 51.5 Construction 66.7 Input costs

(Markit)

(Markit)

(Markit)

12 month change to September '17

12 month change to September '17

24 October ‘16 to 24 October '17

UK Output Prices

UK Input Prices

UK Effective Exchange rate

+3.3% All

+8.4% All

Manufacturing

Manufacturing

(Ulster Bank/Markit)

3.1%

Currency Forecasts

Sterling 2016/'17 (f)

£/$ 1.22 £/€ 1.11

(+3.4% August)

(+7.6% August ’17)

+5.5% food +3.4% Metal, Machinery & equipment Export prices +6.3% (July ‘17) (ONS)

+11.0% Home Food inputs +4.5% Imported Food inputs +6.1% imported chemicals +18.6% Imported metals

3 mths end- Aug '16/'17

3 mths end- Aug '16/'17

3 mths end- Aug '16/'17

3 mths end- Aug '16/'17

UK Goods Exports Value

UK Goods Imports Value

UK Services Exports Value

UK Services Imports Value

(ONS)

(1.2% 22 September ‘16/’17)

(€/£ 0.90)

(NIESR) (Bank of England)

+13.2%

+11.0%

+8.2%

+5.2%

(+13.6% July ‘16/’17) (Volume +8.9%) (ONS)

(+12.4% July ‘16/’17) (Volume +6.4%) (ONS)

(+6.3% July ‘16/’17)

(+3.8% July ‘16/’17)

(ONS)

(ONS)

3 mths end-Aug '16/'17

3 mths end-Aug '16/'17

August 2017

August 2017

UK Exports to Ireland

UK Imports from Ireland

Ireland's Share of UK Goods Exports

Ireland's Share of UK Goods Imports

+19.3%

+9.0%

5.7%

3.1%

(+18.1% July ‘16/’17) (ONS)

(+13.9% July ‘16/’17) (ONS)

(5.7% July '16)

(3.1% July '16)

(ONS) (ONS) PMIs – Purchasing Managers Index readings above 50.0 signal growth compared with the previous month, and below 50.0 contraction. Goods trade data excludes oil and erratics such as ships and aircraft.

2 SPD | Department of Business, Enterprise & Innovation