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Ireland Industry December 2021

Ireland: Industrial output growth eases in December

Industrial output grew 10.2% month-on-month in seasonally-adjusted terms in December (November: +34.2% mom). Looking at the details of the release, modern sector output increased at a quicker pace in December, while traditional sector output swung to contraction.

On an annual basis, overall industrial production fell at a more moderate rate of 4.3% in December (November: -28.9% yoy). Meanwhile, annual average industrial production growth fell to 18.7% in December (November: +23.9%), which marked a one-year low.

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