Ireland Industry April 2020

Ireland

Ireland: Manufacturing activity contracts in April

June 8, 2020

According to preliminary data, manufacturing production contracted 7.6% month-on-month in seasonally-adjusted terms in April, contrasting March’s 16.4% expansion.

The reading largely reflected a sharp drop in output in the traditional sector, while activity in the modern sector—which includes the manufacture of chemicals and pharmaceuticals, computer and electronical equipment, medical and dental instruments, as well as the reproduction of recorded media—also declined.

On an annual basis, overall industrial output grew 4.7% in April, which was significantly below March’s 23.6% expansion. Accordingly, annual average manufacturing production growth fell to 4.7% in April (March: +4.8%), signaling a worsening trend in the manufacturing sector.

FocusEconomics Consensus Forecast panelists project industrial production to contract 5.7% in 2020, which is up 0.8 percentage points from last month’s forecast. For 2021, the panel sees industrial production growth of 4.9%.


Author:, Economist

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Ireland Industry April 20 20

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


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