Ireland: Manufacturing output plunges in August
October 7, 2020
Manufacturing output dived 14.1% month-on-month in seasonally-adjusted terms in August, contrasting July’s 12.8% rise and marking the worst reading in over two years.
August’s plunge was driven by a swing to contraction of both traditional and modern sector output, with production in the latter dropping at the fastest pace since March 2018.
Similarly, on an annual basis, overall industrial production contracted 4.6% in August, contrasting July’s 14.3% expansion.