Ireland: Industrial production rebounded in June
August 12, 2016
Industrial production rose 7.5% over the previous month in seasonally-adjusted terms in June, which contrasted the revised 2.5% contraction tallied in May (previously reported: -1.9% month-on-month). According to the Central Statistics Office (CSO), June’s result reflected an expansion in the traditional sector which more than offset a soft drop in the modern sector.
In annual terms, industrial production dropped 0.7% in June, which came in above the revised 0.9% decline observed in the previous month (previously reported: +6.5% year-on-year). Meanwhile, annual average growth in industrial production slowed from 21.2% in May to 19.5% in June.