Ireland: Industrial production falls in September
Latest reading: Industrial production declined 9.4% on a seasonally adjusted month-on-month basis in September, following a 9.5% rise in the previous month.
Relative to the previous month’s data, the reading for modern sector worsened in September (-11.6% on a seasonally adjusted month-on-month basis vs +11.7% in August). The modern sector’s output tends to be volatile—even more so now as Trump’s tariffs wreak havoc on trade flows—due to the presence of multinational-dominated industries, such as chemicals, pharmaceuticals and computers and electronics. In contrast, the reading for traditional sector improved in September (+4.3% vs -2.4% in August).
On a year-on-year basis, industrial production was up 10.3% in September, following a 23.9% rise in the previous month.