Ireland Industrial production August 2019

Ireland

Ireland: Manufacturing output keeps pace in August

October 7, 2019

The highly volatile Irish manufacturing industries production index expanded 1.3% in seasonally-adjusted, month-on-month terms in August, up slightly from a revised 1.2% rise in July (previously reported: +1.3% month-on-month). Production of electrical equipment surged in the month, but the gains were offset by a drop in the output of basic metals and fabricated metal products, and food items.

In annual terms, overall industrial production plunged 6.3% in August, marking a notably faster rate of contraction than the 0.3% dip in July and the worst reading in seven months. Lastly, the annual average variation in industrial output growth slipped to 0.1% in August from 1.8% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 2.5% in 2020, which is down 0.9 percentage points from last month’s forecast. For 2020, the panel also sees industrial production growth edging down to 2.3%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry August 2019 0

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


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