Ireland: Industrial production tallies robust expansion at the onset of the year
March 10, 2016
Industrial production in January expanded a solid 12.7% over the previous month in seasonally-adjusted terms and came in above the revised 0.2% rise tallied in December (previously reported: -4.3% month-on-month). According to the Central Statistics Office (CSO), January’s result reflected healthy expansions in the modern and traditional sectors.
In annual terms, industrial production tallied a massive 43.9% expansion in January, which came in above the revised 21.4% increase recorded in December (previously reported: +18.0% year-on-year). January’s print marks the highest reading ever in the history of the series. The trend keeps pointing upward, as annual average growth in industrial production jumped from December’s 18.1% to 21.2% in January.