Ireland Industry


Ireland: Industrial production registers second consecutive month of double-digit growth in April

June 5, 2014

In April, industrial production climbed to a seasonally- and working-day adjusted 10.6% expansion over the same month last year, which followed the 10.2% increase tallied in March and marked the largest gain in seven months. According to the Central Statistics Office (CSO), the reading reflects notably high growth in the “modern” sector, which includes chemicals, high-tech and pharmaceuticals. Meanwhile, output in the “traditional” sector was modest.

On a monthly basis, industrial production expanded 2.1% over the previous month in seasonally-adjusted terms, which was down from the 5.1% increase tallied in March. Meanwhile, annual average growth in industrial production increased from 0.4% in March to 1.4% in April.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.2% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees private consumption increasing 1.5%.

Author:, Economist

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Ireland Industry Chart

Ireland Industry April 2014

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

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