Ireland Industrial production


Ireland: Industrial production contracts in September

November 10, 2015

Industrial production shrank 2.8% in September over the previous month in seasonally-adjusted terms, contrasting the flat reading tallied in August (previously reported: 1.0%). 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 20.1% expansion in September, which came in above the 16.0% increase recorded in August (previously reported: +14.3% year-on-year). Meanwhile, the trend eased slightly, as annual average growth in industrial production moderated from August’s 20.2% growth to a 19.9% rise in September.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 15.0% in 2015, which is up 0.5 percentage points from last month’s forecast. For 2016, the panel sees industrial production rising 6.3%, which is also up 1.2 percentage points over last month.

Author: Jean-Philippe Pourcelot, Economist

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Ireland Industrial production Chart

Ireland Industry September 2015

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

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