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Ireland Industrial production October 2022

Ireland: Industrial plunges month on month in October

Industrial output plunged 10.7% month-on-month in seasonally-adjusted terms in October (September: +7.1% mom). Looking at the details of the release, modern sector output dropped in October, while traditional sector output rebounded.

On an annual basis, overall industrial production grew 55.8% in October, notably above Septembers 26.3% expansion and marking the best result since February 2021. Moreover, the trend improved significantly, with the annual average variation of industrial production coming in at minus 5.8%, up from September’s minus 9.2% reading.

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