Ireland GDP Contracts In Q1
July 19 2018 - 1:49AM
RTTF2
Irish economy contracted in the three months ended March, after
expanding in the previous three quarters, preliminary data from the
Central Statistics Office showed Thursday.
In real terms, gross domestic product decreased 0.6 percent
sequentially in the first quarter, reversing a 2.8 percent rise in
the previous quarter.
On the expenditure side, personal consumption, which accounted
for 50 percent of domestic demand, dropped 0.3 percent over the
quarter, while gross capital formation advanced by 0.6 percent.
Both exports and imports slid by 5.8 percent and 2.5 percent,
respectively. On an annual basis, GDP growth improved to 9.1
percent in the March quarter from 6.5 percent in the December
quarter.
Data also showed that the current account surplus for the first
quarter was EUR 9.55 billion, up from EUR 9.41 billion in the
fourth quarter.
CAD vs Yen (FX:CADJPY)
Forex Chart
From Apr 2024 to May 2024
CAD vs Yen (FX:CADJPY)
Forex Chart
From May 2023 to May 2024