GDP sees growth driven by multinationals after 2023 contraction 

Gross domestic product grew by 1.2% during the period April to June, preliminary figures by the CSO show

The rebound in GDP was largely driven by an increase in the industry sector which captures the activity of pharmaceutical giants, such as Pfizer, which have large operations in Ireland. 

Ireland’s gross domestic product (GDP) grew by 1.2% during the period April to June, marking the second quarter of growth in a row following a significant contraction across last year, new preliminary estimates from the Central Statistics Office (CSO) shows.

Statistician with the CSO Enda Behan said the quarter-on-quarter increase was driven by an increase in the multinational-dominated industry sector, which includes pharmaceutical companies.