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.
Author: Nihad Ahmed, Economist