In November, industrial production expanded 14.2% over the same month last year, accelerating over the 7.7% increase recorded in October. The November expansion was driven by manufacturing, which rose 15.7% over the same month last year (October: +8.8% year-on-year) on the back of strong growth in pharmaceutical production and electronics. Moreover, electricity, gas, steam and air conditioning improved and grew 5.4% (October: +2.4% yoy). On the other hand, the decline in mining and quarrying deepened, contracting 19.9% in November (October: -18.9% yoy). A month-on-month analysis does not corroborate the resilient growth implied by the annual figures, as industrial production contracted 1.1% over the previous month in seasonally adjusted terms. However, the overall trend continues to improve, with the annual average variation in industrial production jumping from 3.0% in October to 5.6% in November.
Industrial production accelerates in November
January 10, 2011
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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.