Ireland Industry


Industrial production rebounds in November

In November, industrial production expanded a seasonally and working-day adjusted 12.8% over the same month of the previous year, which greatly contrasted the 0.8% decrease tallied in October. The increase marked the highest growth since December 2010. According to the Central Statistics Office (CSO), the reading reflects a massive increase in the "modern" sector, which includes chemicals, high-tech and pharmaceuticals.

On a monthly basis, industrial production increased 11.7% over the previous month in seasonally-adjusted terms, which contrasted the 6.3% decrease tallied in October. Meanwhile, annual average growth in industrial production rose from minus 1.6% in October to minus 0.1% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.7% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, the panel sees industrial production rising 2.6%.

Author:, Economist

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Ireland Industry Chart

Ireland Industry November 2013

Note: Year-on-year and annual average variation in %.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.

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