Ireland Industrial production June 2019

Ireland

Ireland: Manufacturing output contracts sharply in June

August 6, 2019

The highly volatile Irish manufacturing industries production index fell 9.0% in seasonally-adjusted, month-on-month terms in June, contrasting a revised 3.1% rise in May (previously reported: +2.5% month-on-month). June’s print reflected contractions in the food, textiles and paper industries. Downturns in these areas more than offset solid expansions in the metals, wood and transport equipment industries.

In annual terms, overall industrial production fell 1.7% in June, contrasting a 7.6% upturn in May. Lastly, the annual average variation in industrial output growth fell to 1.6% in June from 2.7% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel also sees industrial production growth rising to 3.1%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry June 2019

Note: Year-on-year and annual average variation in %.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.


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