Ireland Industrial production June 2018

Ireland

Ireland: Industrial production contracts sharply in June

August 7, 2018

The highly volatile Irish manufacturing industries production index declined 9.5% over the previous month in seasonally-adjusted terms in June, contrasting a revised 4.8% month-on-month expansion in May (previously reported: +3.4% month-on-month). According to the Central Statistics Office (CSO), June’s reading reflected a contraction in both the modern and traditional sectors relative to the previous month. Manufacturing industries saw the sharpest drop in output, while grain mill and starch products; and prepared animal feeds recorded the biggest increase.

Annual industrial output growth moderated to 8.0% in June, down from 9.6% in May. Meanwhile, annual average growth in industrial production rose from minus 0.8% in May to 1.3% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.8% in 2018, which is down 0.4 percentage points from last month’s forecast. For 2019, the panel also sees industrial production growing 3.2%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry June 2018

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


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