Ireland Industry September 2021

Ireland

Ireland: Industrial output rebounds in September

November 8, 2021

Industrial production grew 3.5% month-on-month in seasonally-adjusted terms in September (August: -4.2% mom). Looking at the details of the release, modern sector output accelerated in September, and traditional sector output also accelerated.

On an annual basis, overall industrial production rose at a faster rate of 44.6% in September (August: +25.3% yoy), the best result since January 2016. Moreover, the trend improved, with the annual average growth of industrial production coming in at 22.0%, up from August's 17.3% reading.

FocusEconomics Consensus Forecast panelists project industrial production to grow 3.0% in 2022, which is down 0.7 percentage points from last month’s forecast. For 2023, the panel sees industrial production growth of 2.7%.


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Ireland Industry Chart


Ireland Industry September 2021

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


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