Ireland Industrial production


Ireland: Industrial production contracts in August

October 5, 2015

Industrial production shrank 1.0% in August over the previous month in seasonally-adjusted terms, contrasting the 8.8% increase tallied in July. According to the Central Statistics Office (CSO), the reading resulted from contractions in both the “modern” sector, which includes pharmaceuticals, chemicals, and high-tech, and in the “traditional” sector.

In annual terms, industrial production tallied a 14.3% expansion in August, which came in below the 21.9% increase recorded in July. Meanwhile, the trend slowed slightly, as annual average growth in industrial production moderated from July’s 21.0% growth to a 20% rise in August.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 14.5% in 2015. For 2016, the panel sees industrial production rising 5.1%.

Author: Teresa Kersting, Economist

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Ireland Industrial production Chart

Ireland Industry August 2015

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

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