Ireland Industrial production June 2016


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.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees industrial production growing 1.6%.

Author: Jean-Philippe Pourcelot, Economist

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Ireland Industrial production Chart

Ireland Industry June 2016 4

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

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