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Ireland Industry December 2020

Ireland: Manufacturing activity dips sharply in December

Manufacturing output nosedived 25.8% in month-on-month seasonally-adjusted terms in December, which contrasted November’s 55.4% increase. The result marked the worst reading since June 2014. The downturn was largely due to a deterioration in modern sector production.

On an annual basis, overall industrial production rose at a softer pace of 28.8% in December (November: +41.6% yoy). Meanwhile, annual average manufacturing production growth rose to 5.8% in December (November: +3.3%), signaling an improving trend in the manufacturing sector.

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