Ireland Industrial production September 2019

Ireland

Ireland: Manufacturing output growth soars in September

November 4, 2019

The highly volatile Irish manufacturing industries production index accelerated markedly in September, rising 9.4% in seasonally-adjusted, month-on-month terms, following a revised 1.4% expansion in August (previously reported: +1.3% month-on-month). The surge was led by a robust upturn in the production of tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment, followed by rubber and plastic products. The strong expansions more than offset contractions in wood and wood products, except furniture, and transport equipment.

In annual terms, overall industrial production climbed 4.2% in September, contrasting a revised 6.2% drop in August (previously reported: -6.3% year-on-year). Lastly, the annual average variation in industrial output dipped 0.1% in September after coming in flat in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.0% in 2020, which is down 0.5 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 September 2019 5

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


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