Financial News: Ireland Posts 3.9% Q2 GDP Growth, Halts Recession

Ireland Posts 3.9% Q2 GDP Growth, Halts Recession Trend

07/29/2026 - 07:18:00 (RTTNews)

(RTTNews) - Ireland's economy expanded in the June quarter after contracting in the previous two quarters, preliminary figures from the statistical office CSO showed on Wednesday.

Gross domestic product rose a seasonally adjusted 3.9 percent sequentially in the second quarter, reversing a 7.0 percent sharp fall in the first quarter.

The recovery in the second quarter was driven mainly by an increase in the multinational dominated sector of information and communication, the agency said.

On a yearly basis, the downturn in GDP softened markedly to 1.6 percent from 13.0 percent in the first quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Core Machinery Orders Jump 9.7% In June (16 min(s), 34 sec(s) ago)
(RTTNews) - The value of core machinery orders in Japan was up a seasonally adjusted 9.7 percent o ...Full Story»

New Zealand PPI Inputs Climb 2.9% In Q2 (01 hr(s), 14 min(s), 34 sec(s) ago)
(RTTNews) - New Zealand producer price inputs were up 2.9 percent on quarter in the second quarter ...Full Story»

Australia Wage Price Index Data Due On Wednesday (02 hr(s), 12 min(s), 34 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q2 figures for its wage price index, highlighting ...Full Story»

U.S. Pending Home Sales Unexpectedly Tumble To Six-Month Low (09 hr(s), 56 min(s), 34 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Tuesday showing pending home ...Full Story»

U.S. Industrial Production Rises 0.2% In July, Slightly Less Than Expected (10 hr(s), 03 min(s), 34 sec(s) ago)
(RTTNews) - While the Federal Reserve released a report on Tuesday showing industrial production i ...Full Story»

U.S. Housing Starts Plunge 12.4% In July, Much More Than Expected (10 hr(s), 25 min(s), 34 sec(s) ago)
(RTTNews) - After reporting a spike in new residential construction in the U.S. in the previous mo ...Full Story»

U.S. Import Prices Unexpectedly Decrease In July As Fuel Prices Plummet (10 hr(s), 36 min(s), 34 sec(s) ago)
(RTTNews) - The Labor Department released a report on Tuesday showing an unexpected decline in imp ...Full Story»

U.S. Industrial Production Rises Slightly Less Than Expected In July (10 hr(s), 49 min(s), 34 sec(s) ago)
(RTTNews) - While the Federal Reserve released a report on Tuesday showing industrial production i ...Full Story»