In May, industrial production increased a seasonally and working-day adjusted 4.3% over the same month last year, which was above the 2.2% expansion observed in April (previously reported: +2.8% year-on-year) and marked the third consecutive monthly rise. In fact, the reading represented the strongest expansion in industrial production in seven 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 1.4% over the previous month, which was virtually unchanged from the 1.5% increase tallied in April. Annual average growth in industrial production rose from 0.0% in April to 0.6% in May.
Industrial production gains further momentum in May
July 11, 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.