In August, industrial production decreased a seasonally and working-day adjusted 0.6% over the same month last year. The figure contrasted the 4.2% increase observed in July (previously reported: +4.9% year-on-year) and marked the first decline in the index since February. According to the Central Statistics Office Ireland (CSO), the reading reflected a fall in the so-called "traditional" sector, which comprises the mining and quarrying sector, public utilities as well as the majority of the manufacturing industries. On a monthly basis, industrial production was flat over the previous month in seasonally adjusted terms, which was below the 0.8% rise tallied in July. As a result, the trend now points downwards, with annual average growth in industrial production falling from 2.3% in July to 1.4% in August.
Industrial production declines for the first time in 6 months
October 5, 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.