Ireland: Industrial production dips in September
November 11, 2011
In September, industrial production contracted a seasonally and working-day adjusted 0.1% over the same month last year, which contrasted the 12.0% increase in August (previously reported: +10.4% year-on-year). The reading reflected a marked deceleration in manufacturing output, which slowed from a 13.3% increase in August to a modest 0.2% rise in September. On a monthly basis, industrial production decreased a seasonally adjusted 3.5% over the previous month, which contrasted the 4.9% increase recorded in August and confirmed the deterioration observed in the annual figures. Moreover, annual average growth in industrial production fell from 5.4% in August to 4.5% in September, which suggests a prolonged deterioration in industrial output in the months ahead.