In September, industrial production fell a seasonally and working-day adjusted 12.7% over the same month last year. The figure followed the 0.4% decrease observed in August (previously reported: -0.6% year-on-year) and marked the largest decline in the index since November 2009. According to the Central Statistics Office Ireland (CSO), the reading mainly reflected a contraction in the so-called "modern" sector, which comprises a number of high technology and chemical industries. On a monthly basis, industrial production declined 12.6% over the previous month in seasonally adjusted terms, which followed the 0.3% decrease tallied in August. As a result, the trend continues to point downwards, with annual average growth in industrial production falling from 1.4% in August to 0.3% in September.
Industrial output shrinks most in almost three years
November 6, 2012
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Ireland Industry Chart
Note: Year-on-year and annual average variation in %.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.
Ireland Economic News
October 11, 2016
Industrial production contracted 13.4% from the previous month in seasonally-adjusted terms in August, contrasting the revised 7.9% expansion in July (previously reported: +3.7% month-on-month).
October 10, 2016
In September, the KBC Bank Ireland/ESRI Consumer Sentiment Index dropped from 102.7 points in August to 102.0 points.
October 6, 2016
The Investec Services Purchasing Managers’ Index (PMI) nosedived from 59.7 in August to 56.2 in September, the lowest reading since February 2014.
October 3, 2016
The Investec Manufacturing Purchasing Managers’ Index (PMI) edged down from 51.7 in August to 51.3 in September.
September 21, 2016
The Irish national accounts data continues to be affected by distortions and volatility.