In June, industrial production increased a seasonally and working-day adjusted 9.2% over the same month last year, which doubled the 4.6% expansion observed in May (previously reported: +4.3% year-on-year) and marked the fourth consecutive monthly rise. In fact, the reading represented the strongest expansion in industrial production in eight months. According to the Central Statistics Office Ireland (CSO), the reading mainly reflected an increase in the so-called "modern" sectors, which include a number of high technology and chemical industries. On a monthly basis, industrial production rose a seasonally adjusted 2.7% over the previous month, which was above the 1.5% increase tallied in May. Finally, annual average growth in industrial production rose from 0.6% in May to 1.8% in June.
Industrial production expands for the fourth straight month in June
August 10, 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.