Ireland: Industrial production rebounds in September
November 7, 2016
Industrial production in Ireland expanded 6.4% from the previous month in seasonally-adjusted terms in September, contrasting the revised 12.9% contraction in August (previously reported: -13.4% month-on-month). According to the Central Statistics Office (CSO), September’s rebound was supported by growth in the modern and traditional sector, the former of which expanded at a double-digit rate.
In annual terms, the contraction in industrial production softened from a revised 6.9% decline in August (previously reported: -7.7% year-on-year) to 1.2% in September. Meanwhile, annual average growth in industrial production moderated from 12.7% in August to 9.5% in September, the lowest print in over two years.