Financial News: Irish GDP Grows 0.2% In Q2

Irish GDP Grows 0.2% In Q2

09/04/2025 - 07:34:00 (RTTNews)

(RTTNews) - Ireland's economy expanded slightly in the second quarter, revised from a contraction estimated initially, the latest data from the statistical office CSO showed on Thursday.

Gross domestic product rose a seasonally adjusted 0.2 percent sequentially in the second quarter, reversing an upwardly revised 7.5 percent expansion in the first quarter. In the flash report, the economy showed a shrink of 1.0 percent.

Multinational-dominated sectors expanded by 1.1 percent, while domestic sectors contracted by 0.1 percent.

Modified domestic demand, a broad measure of underlying domestic activity that covers personal, government, and investment spending, grew by 0.6 percent compared to the previous quarter.

The expenditure breakdown showed that personal spending rose 1.0 percent, and government spending was 2.5 percent higher. Net exports grew 13.3 percent as imports fell faster than exports. Meanwhile, capital investment declined 24.8 percent, reflecting lower levels of investment in intangible assets.

On a yearly basis, GDP growth moderated to 17.1 percent from 19.9 percent in the March quarter. The latest expansion was revised higher from 12.5 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Trade Deficit Widens More Than Expected As Imports Spike (08 min(s), 50 sec(s) ago)
(RTTNews) - With the value of imports spiking, the Commerce Department released a report on Thursd ...Full Story»

U.S. Jobless Claims Rise More Than Expected To Two-Month High (13 min(s), 50 sec(s) ago)
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor ...Full Story»

U.S. Private Sector Job Growth Slows More Than Expected In August (30 min(s), 50 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Thursday showed private sector employmen ...Full Story»

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2 (01 hr(s), 13 min(s), 50 sec(s) ago)
(RTTNews) - A report released by the Labor Department showed labor productivity in the U.S. surged ...Full Story»

U.S. Trade Deficit Widens More Than Expected In July (01 hr(s), 16 min(s), 50 sec(s) ago)
(RTTNews) - With the value of imports spiking, the Commerce Department released a report on Thursd ...Full Story»

U.S. Weekly Jobless Claims Rise More Than Expected (01 hr(s), 19 min(s), 50 sec(s) ago)
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor ...Full Story»

U.S. Private Sector Employment Rises Less Than Expected In August (01 hr(s), 35 min(s), 50 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Thursday showed private sector employmen ...Full Story»

Slovenia Trade Surplus Shrinks In July (01 hr(s), 59 min(s), 50 sec(s) ago)
(RTTNews) - Slovenia's foreign trade surplus decreased in July from a year ago as imports grew ...Full Story»