Eire’s financial system expanded by 9.7% quarter-on-quarter in Q1 2025, a pointy improve from the preliminary estimate of three.2% and an upwardly revised 5.0% within the earlier interval.
This marked the quickest tempo of progress since Q3 2020, pushed primarily by a surge in exports as multinational firms rushed to front-load shipments forward of latest tariffs launched by US President Donald Trump.
A lot of the enlargement stemmed from the multinational-dominated sectors, with exercise amongst foreign-based corporations rising 12.4%.
The globalized business sector jumped 17.1%, whereas the knowledge & communication sector grew by 3.8%.
In distinction, the home financial system noticed extra modest progress of 0.7%, supported by a 0.6% rise in private consumption and a 0.7% improve in authorities spending.
In the meantime, the GNP fell by 2.1% in Q1, after a revised 5.1% decline in This autumn 2024.
