Ireland Industrial production

Ireland

Ireland: Industrial production accelerates significantly in July

September 5, 2014

In July, industrial production tallied a seasonally- and working-day adjusted 17.5% expansion over the same month last year, which was well above the 1.5% increase tallied in June. According to the Central Statistics Office (CSO), the reading reflects a steep jump in production in the “modern” sector, which includes pharmaceuticals, chemicals, and high-tech. Output in the “traditional” sector accelerated, although not as much.

Industrial production increased 11.3% over the previous month in seasonally-adjusted terms, which contrasted the 19.9% decrease tallied in June. Meanwhile, annual average growth in industrial production increased from 8.1% in June to 10.0% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.4% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, the panel sees industrial production increasing 2.8%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry July 2014

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


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