Ireland’s economic growth picked up speed in the second-quarter of 2024, numbers on Monday showed.

According to the Central Statistics office, Irish gross domestic product rose 1.2% in the second-quarter from the first. Growth picked up from a 0.7% advance in the first three months of 2024.

That followed four-successive GDP contractions, including a 5.4% slump at the start of 2023, a 1.5% fall in the second-quarter of last year, a 1.7% decline in the third and another 1.5% setback in the fourth.

Year-on-year, GDP shrank 1.4% in the second-quarter of 2024, a sixth fall on-the-trot. The Irish economy had declined 4.7% on-year in the first-quarter of 2024.

The CSO said the quarter-on-quarter GDP growth was led by the ‘multinational dominated sector of industry’ in the three months to the end of June.

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