Sharp decline in housing commencements overshadows strong economic growth in Dublin 

For the second straight quarter, growth was recorded across all three economic sectors in Dublin — construction, manufacturing, and services

Housing commencements in Dublin between October and December contracted sharply, hitting a two-year low of 2,747 homes.

Business activity in Dublin showed a marked expansion during the last three months of 2024, with growth recorded across all sectors but a lack of housing commencements and falling foreign direct investment (FDI) raises concerns, the latest Dublin Economic Monitor shows.

The latest reading of the Dublin S&P Global Purchasing Managers’ Index (PMI) stood at 54.7 for the final quarter of last year which is up from 52.8 recorded at the end of September. Any PMI reading above 50 indicates growth.