Ireland's economy grew by 0.6% in the second quarter

CSO figures show that the economy rebounded from an early 2016 contraction...

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New figures from the Central Statistic Office (CSO) show that Ireland's economy grew by 0.6% between April and June. This improved on a 2.1% contraction recorded in the first three months of the year.

The second quarter performance represents year-on-year economic growth of  4.1%.

There was a downturn in consumer spending during the period - it fell by 0.5%. This was a dip from a 0.7% expansion between January and the end of March.

Compared to the first quarter, Ireland's net exports declined by 31.4%. This reflected an increase in imports while exports were almost unchanged, slipping by 0.1%.

CSO growth figures have been a source of controversy in recent months after Ireland's 2015 GDP growth for 2015 was revised upwards to 26%.