| Location: | MS Teams |
|---|---|
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Date: |
Wednesday 11th March 2026 |
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Present: |
Thomas Conefrey (CBI), Eamonn Sweeney (DFIN), Oisin Tarrant (DFIN), Loretta O’Sullivan (EY), Kevin Timoney (UL / Davy), Chirs Smart (LDA), Austin Hughes (Indp.), David Purdue (NTMA), Shawn Britton (NTMA), Emily Maddock (NTMA), Killian Carroll (IFAC), Niall Conroy (IFAC), Seamus Coffey (UCC), Eddie Casey (OECD), Tom McDonnell (NERI), Emma Howard (TU Dublin) CSO: Kieran Culhane, Clare Sullivan, Brian King, Rachel O’Carroll, John Sheridan, Norita Murphy, Edel Flannery, Brian Stanley, Gavin Gormley, Conor Prescott |
1. The format of the meeting was a questions and answers session regarding the Quarterly National and International Accounts followed by a presentation from Norita Murphy from the CSO National Accounts Large Cases Unit (LCU).
2. The lower than expected values for compensation of employees in November is being reviewed and it is expected that revisions are likely.
3. Modified intangibles figures this quarter were driven by the purchase of software for data centres which commenced construction a number of years ago and are nearing completion.
4. Rent figures are primarily imputed rent which is impacted by new dwellings. The figures are benchmarked against census data and trended between census years.
5. Financial Intermediation Services Indirectly Measured (FISIM) was the main driver for the consumption deflator which is driven by interest rates.
6. Norita Murphy from the National Accounts LCU presented an overview of the structure and work done by the CSO LCU.
7. Additional data available for the annual accounts are largely due to true ups, profit adjustments, US GAAP accounts, price adjustments and end of year taxes.
8. It is planned to have another meeting about GNI* in the near future.