Economy grew by 0.2% in third quarter

(18 Dec 2012)

state street Thumbnail0RTE News today reported that the figures from the Central Statistics Office show that the economy  grew by 0.2% in three months from July to September compared to the previous three month period.

The increase was less than had been forecast by economists.

GNP - which excludes the profits from multi-nationals companies - fell by 0.4% over the three-month period.

But the CSO revised its growth for the second quarter from 0% up to 0.4%, while the decline in the first quarter was also less than had been previously thought at -0.5% compared to -0.7%.

Compared with a year ago, the CSO said that GDP rose by 0.8% while GNP increased by 3.7%.

For Full report plaese log onto RTE website

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