In December, industrial production expanded 16.9% over the same month last year, decelerating over the 18.4% increase registered in November (previously reported: +14.2% year-on-year). The December expansion was driven by growth in manufacturing, which was bolstered by strong growth in pharmaceutical production. A month-on-month analysis does not corroborate the robust growth implied by the annual figures, as industrial production contracted 1.7% over the previous month in seasonally adjusted terms. Nevertheless, the overall trend continues to improve, with annual average growth in industrial production jumping from 5.9% in November to 7.6% in December. Meanwhile, the Central Bank expects GDP to grow 2.4% in 2011.
Industrial production remains resilient in December
February 10, 2011
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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.