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Irish domestic economy grew by 1.4% q/q in third quarter

Fri, 03rd Dec 2021 11:03

DUBLIN, Dec 3 (Reuters) - Ireland's domestic economy grew by
1.4% quarter-on-quarter and 5.3% year-on-year between July and
September, a period when most COVID-19 curbs were removed,
Central Statistics Office (CSO) data showed on Friday.

Overall gross domestic product grew (GDP) by 0.9% on the
quarter and was 11.4% higher than a year ago. The government has
cautioned against using this measure to gauge activity in the
economy due to the ways in which multinationals can distort
Irish GDP.

Modified domestic demand, more closely watched by economists
as it covers personal, government and investment spending, was
up 4.9% year-to-date but 1.2% lower than the corresponding
pre-pandemic nine-month period of 2019.
(Reporting by Padraic Halpin and Conor Humphries; editing by
John Stonestreet)

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