Ireland’s economic growth eased in the three months ended September, after accelerating in the previous two quarters, preliminary figures from the Central Statistics Office showed Thursday.
Gross domestic product rose a seasonally adjusted 1.4 percent quarterly in the third quarter, slower than the 1.9 percent expansion in the second quarter. In the first quarter of this year, the economy grew 2.2 percent.
On the output side, the value added for all business sectors gained in the three-month period to September. Industrial sector advanced 2.5 percent and other services sector climbed by 1.4 percent.
On the expenditure side of the national accounts, capital formation increased by 4.9 percent compared to the previous quarter. Personal consumption, the largest component of domestic demand, rose by 0.7 percent in the quarter, while government expenditure decreased by 1.0 percent over the same period.
On an annual basis, GDP growth improved to 7.0 percent in the September quarter from 6.8 percent in the previous three-months.
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