In January, industrial production fell a seasonally and working-day adjusted 3.3% over the same month last year. The figure followed the 0.5% decrease observed in December (previously reported: +1.6% year-on-year). According to the Central Statistics Office Ireland (CSO), the reading mainly reflected a contraction in the so-called "modern" sector, which comprises a number of high technology and chemical industries. On a monthly basis, industrial production fell 1.1% over the previous month in seasonally adjusted terms, which contrasted the 4.9% increase tallied in December. In addition, the trend points downwards, with annual average growth in industrial production falling from minus 1.7% in December to minus 1.9% in January. FocusEconomics Consensus Forecast panellists expect industrial production to contract 0.3% in 2013, which is down 0.9 percentage points from last month's forecast. For 2014, the panel sees industrial production rising 2.4%.
Industrial production down in January
March 7, 2013
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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.