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Ireland Industry September 2020

Ireland: Decline in manufacturing activity softens in September

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.

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