Irish GDP Advances 1.5% in Q2


The Irish economy expanded 1.5 percent on a quarter-on-quarter seasonally adjusted basis in the three months to June of 2014, slowing from a revised 2.8 percent expansion in the first quarter. Capital investment and exports were the main drivers of growth.

On the output side of the accounts, industry (including building and construction) increased by 4.7 percent in volume terms between Q1 2014 and Q2 2014. Distribution, transport, software and communication increased by 2.9 percent in volume terms on a seasonally adjusted basis over the same period while other services declined by 0.8 percent and public administration and defence decreased by 0.5 percent.

On the expenditure side, capital investment increased by 9.1 percent while net exports made a positive contribution of €723m (a 7.2% percent increase) in volume terms on a seasonally adjusted basis between Q1 2014 and Q2 2014. Government expenditure increased by 3.8 percent quarter on quarter while personal expenditure increased by 0.3 percent.

Year-on-year, the economy advanced 7.7 percent in the second quarter of 2014, driven by an 18.5 percent increase in capital investment. 

Irish GDP Advances 1.5% in Q2


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 11:27:15 AM