Weaker than median forecasts of +0.8%, flat respectively. Guess that’s not a massive shock given what’s been going on.
More encouraging news though was upward revision in Q2 data. GDP revised up to -1.0% q/q from previous -1.2%
Irish FinMin says Q3 GDP figures show economy is growing. And he’s right!!
Sees y/y growth rate turning positive inQ4.
Budget forecast for economic growth of 1.7% in 2011 remains on track.