Ireland Industrial production May 2019

Ireland

Ireland: Output in manufacturing industries eases in May

July 5, 2019

The highly volatile Irish manufacturing industries production index rose 2.5% in seasonally-adjusted, month-on-month terms in May, following a 3.4% upturn in April.

May’s reading reflected an acceleration in the modern sector, which more than offset a swing to contraction in the traditional sector. Notably, a detailed breakdown of the industrial activities shows that production of textiles led the upturn, which more than offset slower output of transport equipment.

In annual terms, overall industrial output growth declined to 6.1% in May from 7.5% in April. Lastly, the annual average variation in industrial output rose to 2.5% in May from 2.7% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production growth rising to 3.1%.


Author:, Economist

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Ireland Industrial production Chart


Ireland Industry May 2019

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


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