Ireland Industrial production December 2017

Ireland

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.

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 December 2017

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


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