Ireland Industrial production July 2018


Ireland: Industrial production rebounds in July

September 4, 2018

The highly volatile Irish manufacturing industries production index rose 3.3% over the previous month in seasonally-adjusted terms in July, contrasting a revised 9.4% month-on-month drop in June (previously reported: -9.5% month-on-month). According to the Central Statistics Office (CSO), July’s print reflected an upturn in the modern sector and a contraction in the traditional sector compared to the previous month. Transport equipment recorded the biggest rise, while textiles, wearing apparel and leather related products saw the largest decline.

Industrial output, in annual terms, contracted 5.4% in July, contrasting a 9.2% year-on-year expansion in June. Meanwhile, annual average growth in industrial production fell from 1.4% in June to 1.0% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.7% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel also sees industrial production growing 3.2%, which is unchanged from last month’s estimate.


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Ireland Industrial production Chart

Ireland Industry July 2018

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

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