Publications by Cormac Harten
GVH EC - Week 2 March 23
Last issue Included this week: A comment on the developments in the Banking Sector House Price Index Planning Permissions Granted CPI National Accounts Industrial Production Services Production Index New Vehicle Registrations The ECB raised a further 50 bps today, this was considered all but certain up until the back end of last week when develo...
4475 sym 22 img
GVH EC - Week 1 March 23
Last issue Included this week: Flash HICP National Accounts Unemployment Retail Sales Index Earnings and Labour Costs Production in Construction Index Ukrainian Immigrants Flash HICP Last week we had HICP for January 2023, the Flash estimate which will be influential for the rate decision later this month can be seen below. . Core inflation...
2301 sym 21 img
Intro to Housing Fundamentals
The purpose of this document is to present the findings of an empirical model on the determinants of house prices. I will format the document as to be readable for a general audience without excluding the key statistical operations. It will be necessary to have a suite of models for any meaningful analysis and this document will be the baseline. Th...
17875 sym 37 img 5 tbl
GVH EC - Week 4 February 2023
Last issue Included this week: HICP Gas consumption Pension converage Houshold Arrears Housing in Europe HICP As discussed in week one, Data for Germany for January 2023 was not available in time for publication of the Flash estimate, the euro area HICP was been calculated using Eurostat estimates for Germany. The Flash estimate had HICP at 8...
9344 sym 31 img 2 tbl
GVH EC - Week 3 February 23
Last issue Included this week: House Prices Consumer Price Index Loans to Irish Residents House Prices House Price Index (RPPI) The national house price inflation for December is 7.8%. This represents a -0.7 change from November which was 8.5%. I expected house price inflation to slow quicker in December year on year. On first inspection thi...
1036 sym 9 img 1 tbl
GVH EC - Week 2 February 23
Last issue Included this week: HAP Statistics Vacant Dwellings by Electoral Division Interest Rate Statistics Industrial Production Services Index Oil HAP Statistics There were over 57,000 HAP properties by 2021. HAP - Total The Electoral Districts (ED) with the highest numbers are outside of the M50 along commuter routes. It should be noted th...
1902 sym 12 img
GVH EC - Week 1 February 23
Last issue Included this week: Central Bank Rate Decisions Flash Estimate HICP IMF Economic Outlook Flash Estimate GDP Unemployment Vacant Dwellings - ESB Connections Central Banks The FED, ECB & BOE all met this week. The Fed raised 25 bps, the markets reacted positively to this news with sentiment forecasting a pause in rate hikes is o...
4848 sym 14 img
GVH EC - Week 3 January 23
Last issue Included this week: Inflation (CPI) House Price Index Interst Rates: Follow on from week 1 Wages Wage Index vs CPI Public vs Private Sector Mortgage payment affordability: Sensitivity analysis Inflation CPI Contribution to Inflation The composition of the 8.2% CPI can be seen below. House Prices House Price Index (RPPI) The n...
7693 sym 24 img 2 tbl
GVH EC - Week 4 January 23
Last issue Included this week: New Dwelling Completions & Commencements Car Sales & Manufacturing The Irish Economy Government Finances Capital Goods Indices Retail Sales Index Housing Delivery Completions received much attention in the media this week. Firstly details emerged of findings from an unpublished report by the Housing Commission ...
2272 sym 11 img