Ireland Industrial production December 2019

Ireland

Ireland: Manufacturing output slips in December

February 5, 2020

According to preliminary data, the manufacturing production index declined 6.7% in December in seasonally-adjusted, month-on-month terms, following the revised 4.4% contraction in November (previously reported: -3.8% month-on-month). December’s fall largely reflected downturns in the production of basic metals and fabricated metal products, food products, and rubber and plastic products. This latest figure will likely be significantly revised next month due to the availability of more comprehensive manufacturing data.

In annual terms, overall industrial production rose 0.7% in December, contrasting the revised 3.5% decline in November (previously reported: -2.6% year-on-year). Annual average variation in industrial output increased 1.2% in December, following November’s 0.1% fall.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.3% in 2020, which is unchanged from last month’s forecast. For 2021, the panel also sees industrial production growth rising to 2.5%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry December 2019

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


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