Ireland Industrial production September 2018


Ireland: Industrial production decelerates markedly in September

November 7, 2018

The highly volatile Irish manufacturing industries production index decelerated from the previous month in September, growing 2.3% in seasonally-adjusted, month-on-month terms. September’s mild growth follows August’s revised 9.3% expansion (previously reported: +8.9% month-on-month). According to the Central Statistics Office (CSO), the downturn in September was due to a contraction in the traditional sector, which eroded the gains made by the modern sector. Among all the categories, wood and wood products except furniture registered the swiftest pace of expansion, while output of electrical equipment saw the biggest contraction.

Industrial output also lost pace in annual terms, growing 6.7% year-on-year in September following a revised 14.0% expansion in August (previously reported: +13.3% year-on-year). Meanwhile, annual average growth in industrial production inched up to 2.0% in September, from 1.9% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.2% in 2019, which is down 0.6 percentage points from last month’s forecast. For 2020, the panel sees industrial production growth slowing to 2.8%.


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Ireland Industrial production Chart

Ireland Industry September 2018

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

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