Ireland Industry July 2020

Ireland

Ireland: Manufacturing production growth eases in July

September 7, 2020

Manufacturing output increased 8.8% month-on-month in seasonally-adjusted terms in July, a softer expansion compared to June's 14.3% increase.

July's reading was largely driven by a slowdown in modern sector output. In contrast, traditional sector production gained steam compared to the previous month.

On an annual basis, overall industrial production grew 12.9% in July, significantly above June’s 5.0% expansion.

FocusEconomics Consensus Forecast panelists project industrial production to contract 1.5% in 2020, which is up 3.8 percentage points from last month’s forecast. For 2021, the panel sees industrial production growth of 5.2%.


Author:, Economist

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Ireland Industry July 20 20

Note: Year-on-year and annual average variation in %. The modern sector includes the manufacture of chemicals and pharmaceuticals, computer and electronical equipment, medical and dental instruments, as well as the reproduction of recorded media. The traditional sector includes everything excluding the “modern” sector.
Source: Central Statistics Office Ireland (CSO) and FocusEconomics calculations.


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