2025.09.0410:23:34UTC+00Ireland Economy Edged Up 0.2% in Q2

In the second quarter of 2025, Ireland's economy experienced a modest growth of 0.2% compared to the previous quarter, defying earlier projections of a 1.0% decrease. However, this was a significant slowdown from the adjusted 7.5% growth observed in the first quarter. The globally integrated Industry sector saw a 2.5% increase, with the Information & Communication sector also rising by 1.8%. Overall, sectors dominated by multinational companies expanded by 1.1%. Domestically, the picture was mixed: personal consumption increased by 1.0%, and government expenditure went up by 2.5%, yet gross fixed capital formation fell sharply by 36.9%. In terms of foreign trade, both exports and imports contracted, with declines of 4.0% and 10.8%, respectively. Meanwhile, the Gross National Product (GNP) bounced back robustly, increasing by 15.7% after a 6.6% decline in the first quarter.