The CSO today (14th March) released Quarterly National Accounts for the fourth quarter of 2018 and preliminary estimates for the full year of 2018. Commenting on the figures, Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T,D, said:
For instance, modified final domestic demand, which is a better indicator of domestic developments as it excludes some of the volatile components of investment, increased by 4.5 per cent last year. This is consistent with other indicators – employment, tax receipts – showing continued improvements in living standards last year.
Today’s data also show that the pace of growth moderated over the second half of last year. Again this is consistent with other available information. Minister Donohoe commented:
Notes to editor
Modified final domestic demand is the sum of consumption by households and government and investment by the public and private sector excluding investment in aircraft by the leasing sector and intangible assets produced overseas.