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Ireland Industrial production November 2022

Ireland: Industrial output gains steam in November

Industrial output rose 6.4% in month-on-month seasonally-adjusted terms in November, which contrasted October’s 8.8% decrease. The notable pickup was partly due to a rebound in modern sector production. In contrast, traditional sector output fell.

On an annual basis, overall industrial production rose 35.3% in November, which was below Octobers 57.3% expansion. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.2% in November, up from October’s minus 5.4%.

FocusEconomics Consensus Forecast panelists project industrial production to grow 2.7% in 2023, which is up 1.3 percentage points from last months forecast, and 3.0% in 2024.

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