In August, industrial production dropped a seasonally adjusted 13.6% over the previous month, which contrasted the 3.8% expansion registered in July (previously reported: +3.2% month-on-month). The slowdown over the previous month was mainly the result of weaker manufacturing output, which plunged 16.4%, contrasting the 4.3% increase recorded in July. Within manufacturing, production of pharmaceuticals and electrical equipment slowed markedly over the previous month. On an annual basis, industrial production expanded 9.6% in August, which was down from the 12.8% expansion registered in July (previously reported: +12.1% year-on-year). As a result of the August reading, the trend continues to point upwards, as annual average variation in industrial production turned from minus 1.4% in July to plus 0.6% in August, marking the first positive reading in annual average industrial production since November 2008.
Industrial production growth slows in August but trend continues to improve
October 11, 2010
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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.