Ireland’s gross domestic product contracted by 0.3% quarter-on-quarter in the three months to September 2025, more than the initial estimate of 0.1%, following a revised 0.3% rise in the previous period. This marked the first economic downturn since the fourth quarter of 2023. The multinational-dominated sector grew more modestly by 1.1%, while domestic sectors fell by 0.1%. Within the domestic economy, the globalized industry sector shrank by 0.7%. On the expenditure side, personal spending inched up 0.1%, government expenditure rose 2.1%, and gross fixed capital formation climbed 12.5%. However, on the trade front, exports increased only 2.1%, compared to the 10.4% rise in imports. As a result, net exports decreased 14.6%. Meanwhile, GNP increased 0.8%, slowing sharply from a 15.3% growth in the prior quarter.