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.
Author: Hanna Andersson, Economist