In February, industrial production contracted 0.4% over the same month the year before, contrasting the 3.4% expansion observed in January (previously reported: +1.4% year-on-year). The February result reflected the fading of the favourable base effect, which had supported industrial production readings in recent months. At a sector level, the February reading was the result of a contraction in public utilities as well as mining and quarrying, while only meagre growth was observed in manufacturing production (+0.2% yoy). A month-on-month analysis confirms the deterioration implied by the annual figures, as industrial production contracted 2.4% over the previous month in seasonally adjusted terms. The trend deteriorated in February, as annual average growth slowed to 7.1% after reaching 7.5% in January, which represented the strongest print in more than four years.
Industrial production declines in February
April 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.