Industry in Ireland
Ireland - Industry
Industrial production posts another strong month in May
In May, industrial production climbed to a seasonally- and working-day adjusted 22.4% expansion over the same month last year, which followed the 25.2% increase tallied in April. According to the Central Statistics Office (CSO), the reading reflects significantly higher growth in the “modern” sector, which includes chemicals, high-tech and pharmaceuticals. Meanwhile, output in the “traditional” sector also tallied an important gain.
Industrial production contracted 2.3% over the previous month in seasonally-adjusted terms, which contrasted the 9.4% increase tallied in April. Meanwhile, annual average growth in industrial production increased from 4.5% in April to 6.5% in May.
FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.2% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees private consumption increasing 1.5%.
Ireland - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -2.2 | 20.9 | 32.9 | 1.8 | -2.2 |
Ireland Industry Chart
Source: Central Statistics Office Ireland.
Ireland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.53 | 0.27 % | Aug 15 |
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 6,618 | -0.39 % | Aug 15 |
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Economic News
Ireland: Industrial production contracts sharply in June
August 7, 2018
The highly volatile Irish manufacturing industries production index declined 9.5% over the previous month in seasonally-adjusted terms in June, contrasting a revised 4.8% month-on-month expansion in May (previously reported: +3.4% month-on-month).
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Ireland: Consumer sentiment falls to 13-month low in June amid escalating global uncertainties
July 5, 2018
The KBC Bank Ireland/ESRI consumer sentiment index dropped to a 13-month low of 102.1 points in June, down from 106.7 points in May, amid a tenser global backdrop.
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