Ireland Industrial production October 2017


Ireland: Industrial output expands sharply in October

December 11, 2017

The highly volatile Irish industrial production index jumped from a revised 1.8% month-on-month expansion in September (previously reported: +0.7% month-on-month) to a strong 10.5% expansion in October. According to the Central Statistics Office (CSO), October’s print reflects an expansion both the traditional and modern sectors, the latter of which expanded at a double-digit pace.

In annual terms, industrial production rebounded from a 1.4% contraction in September (previously reported: -3.2% year-on-year) to a sharp 13.0% increase in October. Meanwhile, annual average growth in industrial production contracted 0.1% in October, coming in above the 1.6% decline observed in September.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.7% in 2018, which is down 0.6 percentage points from last month’s forecast. For 2019, the panel sees industrial production growing 1.4%.

Author: Jean-Philippe Pourcelot, Economist

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Ireland Industrial production Chart

Ireland Industry October 2017

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

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