Ireland: Industrial production expands in May
July 5, 2017
The highly volatile Irish industrial production index rose 2.1% from the previous month in seasonally-adjusted terms in May, coming in below the 7.4% expansion observed in April (previously reported: +7.7% month-on-month). According to the Central Statistics Office (CSO), May’s increase reflected an increase in both the modern and traditional sector.
In annual terms, industrial output swung from a revised 1.3% decline in April (previously reported: -1.0% year-on-year) to a strong 5.5% expansion in May. Meanwhile, annual average growth in industrial production edged up from a 0.7% decline in April to a 0.3% drop in May.