Ireland Industrial production September 2016

Ireland

Ireland: Industrial production rebounds in September

Industrial production in Ireland expanded 6.4% from the previous month in seasonally-adjusted terms in September, contrasting the revised 12.9% contraction in August (previously reported: -13.4% month-on-month). According to the Central Statistics Office (CSO), September’s rebound was supported by growth in the modern and traditional sector, the former of which expanded at a double-digit rate.

In annual terms, the contraction in industrial production softened from a revised 6.9% decline in August (previously reported: -7.7% year-on-year) to 1.2% in September. Meanwhile, annual average growth in industrial production moderated from 12.7% in August to 9.5% in September, the lowest print in over two years.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.0% in 2016, which is down 1.0 percentage points from last month’s forecast. For 2017, the panel sees industrial production growing 3.0%, which is up 1.0 percentage points from last month’s forecast.


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Ireland Industrial production Chart


Ireland Industry September 2016

Note: Year-on-year and annual average variation in %.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.


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