In March, industrial production declined 5.4% over the same month last year, contrasting the subdued, albeit positive 0.3% expansion observed in February (previously reported: -0.4% year-on-year). The March result reflected falling production in the basic pharmaceuticals as well as in the beverages sectors. Consequently, manufacturing production contracted 5.5%, contrasting the meagre 0.8% expansion observed in February. A month-on-month analysis confirms the deterioration implied by the annual figures, as industrial production shrank 1.0% over the previous month in seasonally adjusted terms. As a result, the trend continued to point downwards in March, as annual average growth slowed from 7.2% in February to 6.2% in March.
Industrial production contracts in March
May 11, 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.