Ireland Industry September 2020

Ireland

Ireland: Decline in manufacturing activity softens in September

November 5, 2020

Manufacturing output dropped 4.9% month-on-month in seasonally-adjusted terms in September (August: -15.5% mom). Looking at the details of the release, modern sector out fell at a softer rate in September, while traditional sector output rebounded from the previous month.

On an annual basis, overall industrial production plummeted 13.2% in September, which was notably below August’s 5.0% fall. Meanwhile, annual average manufacturing production growth fell to 2.1% in September (August: +3.7%). This signals a worsening trend in the manufacturing sector.

FocusEconomics Consensus Forecast panelists project industrial production to grow 1.0% in 2021, which is up 1.2 percentage points from last month’s forecast. For 2022, the panel sees industrial production growth of 2.8%.


Author:, Economist

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Ireland Industry September 20 20

Note: Year-on-year and annual average variation in %. The modern sector includes the manufacture of chemicals and pharmaceuticals, computer and electronical equipment, medical and dental instruments, as well as the reproduction of recorded media. The traditional sector includes everything excluding the “modern” sector.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.


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