Business activity showed a modest pick-up in Dublin during the final quarter of last year, but the economy in the capital is still being held back by the housing crisis, according to the latest Dublin Economic Monitor. The monitor, which was published on Friday, is produced by EY-DKM Economic Advisory on behalf of the four Dublin local authorities. Brexit uncertainty was still apparent in Dublin Port in the third quarter of 2019, with throughput seeing its second consecutive quarter on quarter decline. Economist Ciara Morley said housing was a key issue holding back the economy. Tourist spending growth continued to ease with spending across Ireland up 4 per cent year-on-year and up 3.7 per cent year-on-year in Dublin – both were in double digit territory throughout 2018.

Source: The Irish Times February 07, 2020 07:18 UTC