Irish Economy Expands 1.5% QoQ in Q3


In the third quarter of 2013, Irish GDP advanced 1.5 percent over the previous quarter, the highest growth rate in two years. GNP increased by 1.6 percent over the same period.

On the output side, Distribution,transport,software and communication increased by 2.1 percent in volume terms between  the second and third quarters of 2013. Industry (including Building and construction) increased  by 2.2 percent and Other services increased by 1.2 percent in volume terms on a seasonally adjusted basis over the same period. On the other hand, Public administration and defence decreased by 1.0 percent and Agriculture, forestry and fishing declined by 2.9 percent between the second and third quarters of 2013.

On the expenditure side, Personal expenditure increased by 0.9 percent and Capital Investment increased by 10.9 percent between Q2 2013 and Q3 2013. Government expenditure also increased by 1.1 percent while Net exports declined by €233m in volume terms on a seasonally adjusted basis between Q2 2013 and Q3 2013.

Year-on-year, the GDP expanded 1.7 percent in the September quarter, up from a 1.6 percent contraction in the previous three-month period.

Irish Economy Expands 1.5% QoQ in Q3


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
12/19/2013 12:02:47 PM