Ireland Exits Recession As Economy Expands 0.4%


Preliminary estimates for the second quarter of 2013 indicate that Ireland's GDP increased by 0.4 percent compared with the first quarter of 2013. This growth rate is up from -0.6% in Q1, driving the economy out of its second recession in five years.

On the output side of the accounts, building and construction grew by 4.2 percent while distribution, transport, software and communication increased by 1.4 percent in volume terms between Q1 2013 and Q2 2013. On the other hand, industry (including building and construction) declined by 0.3 percent and public administration decreased by 1 percent.

On the expenditure side of the accounts personal expenditure increased by 0.7 percent while net exports increased by €1,519m in volume terms on a seasonally adjusted basis between Q1 2013 and Q2 2013. Capital investment declined by 3.4 percent while net expenditure by government fell by 1.3 percent between Q1 2013 and Q2 2013.

Ireland Exits Recession As Economy Expands 0.4%


CSO | Nuno Fontes | nuno@tradingeconomics.com
9/19/2013 11:17:14 AM