-
Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
-
Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
-
Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
-
Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
-
Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
-
Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
-
Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
-
Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
-
Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
-
Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
-
Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
-
Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
-
Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
-
Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
-
International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
-
Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
The latest Dublin Economic Monitor (DEM), published this morning by the four Dublin Local Authorities, shows that many of the Capital’s key economic indicators are in positive territory – notably in business activity, consumer spending and the labour market.
A new indicator from fDi Markets shows that Foreign Direct Investment (FDI) in Dublin continued to grow in Q1 2023. Over $520 million in capital investment occurred across 20 projects in the Capital in the quarter, with the creation of almost 1,300 jobs (all values SA). Investments in the Capital in Q1 compared favourably to a selection of other European cities, ranking 2nd to Amsterdam for both FDI per capita ($655, SA) and average project value ($26.2 million, SA).
The Q1 2023 Dublin S&P Global Purchasing Managers’ Index (PMI) soared back into expansion in the first quarter of 2023 with a reading of 55.5, comfortably exceeding the 50 mark which separates growth from contraction. Expansions in the services (57.4) and construction sectors (57.3) more than outstripped a contraction in the manufacturing sector (46.6) in Q1. New orders levels, which are an indicator of businesses’ project pipelines, also expanded at a strong rate (55.2) – along with employment which rose for a ninth consecutive quarter (55.0).
According to MasterCard data, the value of retail spending by consumers in the Dublin economy continued to expand in the early stages of 2023 with Q1 growth of 1.6% QoQ and 5.8% YoY (SA). The QoQ expansion in spending was driven by increases in expenditure across all segments covered in the MasterCard SpendingPulse. Spending on Necessities grew rapidly in Q1 (+3% QoQ) in what is likely a reflection of stubbornly high inflation rates for foodstuffs. Lower, but nonetheless positive, growth rates in spending patterns were recorded in the Entertainment (+2% QoQ) and Household Goods (+1.5% QoQ) categories.
Dublin's unemployment rate ticked upwards in Q1 2023, yet remained at or close to 'full employment'. The 5.1% rate (SA) was up by 0.4 percentage points (pp) QoQ but down by 0.7pp YoY. Over 781,400 Dublin residents (SA) were in employment in Q1, representing growth of 1.2% QoQ (+9,600 jobs) and 3% YoY (+22,800 jobs). Private services and public sector employment were the sole drivers of the YoY growth, with expansion rates of 5.2% and 1.9% respectively.
Residential property prices in the Capital declined for a sixth consecutive month in March 2023. Prices declined by 0.9% MoM, likely as a result of tightening credit conditions hampering buyers' purchasing power. Meanwhile, new residential supply to the Dublin market rose YoY in the quarter. Over 2,700 new units were started in Q1, representing a YoY growth rate of 48.1% (+892 units). Housing completions in Dublin also rose significantly YoY with growth of 27.6% or 571 units (SA).
Commenting on the DEM’s findings, Andrew Webb, Chief Economist with Grant Thornton, said:
“With inflation seemingly loosening its grip over the economy, consumer confidence is building. Business activity in the Capital has soared back at the start of this year, adding further belief that the economy is moving into a more settled phase.”
Read the full Dublin Economic Monitor here.