Ireland Industry


Ireland: Industrial output rebounds in June

August 7, 2013

In June, industrial production increased a seasonally and working-day adjusted 3.1% over the same month last year, which contrasts May's significant decrease of 8.0%. According to the Central Statistics Office (CSO), the reading reflects output growth in both the "modern" and "traditional" sectors.

On a monthly basis, industrial production surged 8.7% over the previous month in seasonally adjusted terms, which contrasts the 2.1% decrease tallied in May. Annual average growth in industrial production fell from minus 3.5% in May to minus 3.6% in June, accelerating the downward trend slightly.

FocusEconomics Consensus Forecast panellists expect industrial production to contract 0.6% in 2013, which is up 0.2 percentage points from last month's forecast. For 2014, the panel sees industrial production rising 2.3%.

Author:, Economist

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Ireland Industry Chart

Ireland Industry June 2013

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

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