Ireland Industrial production

Ireland

Ireland: Industrial production maintains high growth rate in August

October 7, 2014

In August, industrial production tallied a seasonally- and working-day adjusted 19.8% expansion over the same month last year, which was just above the 19.4% increase tallied in July. According to the Central Statistics Office (CSO), the reading reflects an almost 30% annual increase in production in the “modern” sector, which includes pharmaceuticals, chemicals, and high-tech. Output growth in the “traditional” sector decelerated, and remained in the single digits.

Industrial production decreased 1.6% over the previous month in seasonally-adjusted terms, which greatly contrasted the 13.3% increase tallied in July. Meanwhile, annual average growth in industrial production increased from 10.1% in July to 12.4% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.4% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, the panel sees industrial production increasing 2.8%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry August 2014

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


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