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.