The CSO released the latest Quarterly National Accounts covering the first quarter of 2010. While seasonally adjusted GDP is up by 2.7% on the previous quarter, GNP is down by 0.5% (net factor outflows were up 11%on the previous quarter) . Compared to the same quarter in 2009 GDP was down by 0.7% and GNP was 4.2% lower. Exports are up compared both to the previous quarter and the same quarter a year ago. Building and construction has continued to contract significantly (-16.3%) while other industry has done very well (+11.6% for Industry including Building and Construction).