Irish economy declines quarterly in third quarter; annual growth slows

Tuesday, October 28, 2025

Ireland’s economy shrank in the third quarter, preliminary data published by the Central Statistics Office showed Tuesday.

Gross domestic product fell by 0.1% in the third quarter from the second, partly reversing growth of 0.2% in the second quarter from the first.

‘The small decrease was mainly driven by contraction in the multinational dominated industry sector in the third quarter of 2025,’ the CSO said.

On-year economic growth slowed to 10.5% in the third quarter from 17.1% in the second quarter.

Separately, the CSO announced that the volume of retail sales rose by 0.2% monthly in September and 3.5% on-year.

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