Ireland: Growth in industrial production accelerates slightly in September
November 7, 2014
In September, industrial production tallied a seasonally- and working-day adjusted 20.8% expansion over the same month last year, which followed the 19.6% increase tallied in August. According to the Central Statistics Office (CSO), the reading reflects an almost 30% annual increase in production in the “modern” sector, which includes pharmaceuticals, chemicals, and high-tech. Output growth in the “traditional” sector accelerated, but remained in the single digits.
Industrial production increased 4.1% over the previous month in seasonally-adjusted terms, which contrasted the 0.9% decrease tallied in August. Meanwhile, annual average growth in industrial production increased from 11.9% in August to 13.3% in September.
Author: Carl Kelly, Economist