Ireland: Industrial production rebounds in March
May 8, 2017
The highly volatile Irish industrial production index rose 1.7% from the previous month in seasonally-adjusted terms in March, contrasting the revised 12.7% drop observed in February (previously reported: -15.5% month-on-month). According to the Central Statistics Office (CSO), March’s increase reflected a strong rebound in manufacturing and an expansion in electricity, gas, steam and air conditioning.
In annual terms, industrial output swung from a sharp 9.0% decline in February to a 3.1% increase in March. Meanwhile, annual average growth in industrial production edged up from a 2.4% decline in February to a softer 0.6% drop in March.