Ireland Industrial production


Ireland: Industrial production expands in October

December 4, 2015

Industrial production expanded 3.4% in October over the previous month in seasonally-adjusted terms, contrasting the 2.8 drop tallied in September. According to the Central Statistics Office (CSO), the reading came on the back of an expansion in manufacturing and the “modern” sector, which includes pharmaceuticals, chemicals and high-tech.

In annual terms, industrial production tallied a 17.0% expansion in October, which came in below the 20.1% increase recorded in September. Meanwhile, the trend eased slightly, as annual average growth in industrial production moderated from September’s 20.6% growth (previously reported: +19.9%) to 19.1% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.1% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees industrial production rising 2.4%.

Author: Jean-Philippe Pourcelot, Economist

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Ireland Industrial production Chart

Ireland Industry October 2015

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

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