In October, industrial production dropped a seasonally adjusted 4.8% over the previous month, which contrasted the 7.8% expansion registered in September (previously reported: +7.9% month-on-month). The slowdown over the previous month was mainly the result of weaker manufacturing output, which plunged 5.5%, contrasting the 11.2% increase recorded in September. On an annual basis, industrial production expanded 7.8% in October, which was down from the 10.7% expansion registered in September. Despite the negative October reading, the trend continues to point upwards, with annual average growth in industrial production improving from 2.1% in September to 3.0% in October.
Industrial production contracts in October but trend remains positive
December 10, 2010
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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.