Ireland Industrial production October 2019

Ireland

Ireland: Manufacturing output falls in October

December 5, 2019

The highly volatile Irish manufacturing industries production index contracted in October, falling 0.3% in seasonally-adjusted, month-on-month terms, contrasting the revised 9.1% expansion in September (previously reported: +9.4% month-on-month). November’s decline largely reflected marked downturns in the production of electrical equipment, rubber and plastic products, and paper and paper products. The contractions more than offset the strong expansions in grain mill and starch products, wood and wood products, and transport equipment.

In annual terms, overall industrial production climbed 5.4% in October, following a revised 4.3% in September (previously reported: +4.2% year-on-year). Lastly, the annual average variation in industrial output was flat in October, rising from minus 0.1% in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.1% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, the panel also sees industrial production growth rising to 2.7%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry October 2019

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


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