Ireland: Manufacturing production rebounds in October
December 7, 2020
Manufacturing output increased 0.1% month-on-month in seasonally-adjusted terms in October, which contrasted September's 5.2% decrease. October's upturn came on the back of a rebound in modern sector output and a pick up traditional sector production growth.
On an annual basis, overall industrial production plunged 14.9% in October, a sharper decrease than September’s 13.5% fall and marking the worst result since December 2018. Accordingly, the trend pointed down, with the annual average variation of manufacturing production coming in at a one-year low of 0.0%, down from September's 2.1% reading.
Author: Hanna Andersson, Economist