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.
Author: Hanna Andersson, Economist