Ireland: Industrial production rebounds in January
March 10, 2017
The highly volatile Irish industrial production index expanded 3.4% from the previous month in seasonally-adjusted terms in January, contrasting the revised 9.6% decline observed in December (previously reported: -11.7% month-on-month). According to the Central Statistics Office (CSO), January’s expansion reflected higher output in the traditional and modern sectors.
In annual terms, industrial production swung from a revised 0.9% expansion in December (previously reported: -1.3% year-on-year) to a sharp 9.4% contraction, the worst reading in 10 months. Meanwhile, annual average growth in industrial production plunged from a 4.5% expansion in December to a 2.2% decline in January, the worst print since December 2013.