Ireland: Industrial production slows in March
Latest reading: Industrial production increased 1.2% in seasonally adjusted month-on-month terms in March, following a 4.8% rise in the previous month.
Relative to the prior month’s data, readings in March worsened for modern sector (+2.4% in seasonally adjusted month-on-month terms vs +6.8% in February) and traditional sector (-1.7% vs +0.6% in February).
The modern sector’s output tends to be volatile—even more so now as U.S. tariffs wreak havoc on trade flows—due to the presence of multinational-dominated industries, such as chemicals, pharmaceuticals and computers and electronics.
In annual terms, industrial production was down 20.8% in March, following a 11.4% drop in the prior month.