Irish construction output still falling

Published:  28 June, 2011

DUBLIN: The construction sector in the Irish republic again showed large falls, contracting by 19% compared with the start of 2010 according to latest government data.

The Irish economy grew by 1.3% in the first three months of the year following a 1.4% contraction at the end of 2010. But much of this is due to net exports, which were 20.6% higher than a year earlier. Domestic demand was still weak, down by 3.1%.

Gross national product, which excludes output from foreign multinationals based in the Republic, were still in negative territory, showing a 4.3% decline.

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