Ireland: Industrial output rebounds in December
February 6, 2018
The highly volatile Irish industrial production index rose 3.1% over the previous month in seasonally-adjusted terms in December, contrasting the revised 9.7% contraction (previously reported: -9.4% month-on-month) observed in November. According to the Central Statistics Office (CSO), December’s expansion was driven by higher output in the modern and traditional sectors. Growth in the traditional sector was supported by a 37.6% expansion in mining and quarrying.
In annual terms, industrial output swung from a 11.6% drop in November to a 3.0% expansion in December. Meanwhile, annual average growth in industrial production was minus 1.8% in December, coming in slightly above the minus 2.1% figure observed in November.