Industry in Ireland

Ireland Industry | Economic News & Forecasts

Ireland - Industry

Industrial output growth loses pace in September

Industrial output grew 11.9% in month-on-month seasonally adjusted terms in September, which followed August's 19.6% increase. September's reading was largely driven by modern sector production growth. Meanwhile, traditional sector production fell.

On an annual basis, overall industrial production grew 28.8% in September, which was notably better than August’s 7.3% expansion and marking the best result since August 2021. Accordingly, the trend improved sizably, with the annual average variation of industrial production coming in at minus 8.9%, up from August's minus 9.7% reading.

September’s print means that industrial production grew 6.1% quarter-on-quarter in seasonally adjusted terms in Q3 as a whole. This bodes well for the upcoming Q3 GDP reading.

FocusEconomics Consensus Forecast panelists project industrial production to grow 1.1% in 2023, which is down 0.9 percentage points from last month’s forecast, and 2.8% in 2024.

Ireland - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)44.3  2.1  -2.5  -4.8  2.9  

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Ireland Industry Chart

Ireland Industry
Note: Annual variation of industrial production in %.
Source: Central Statistics Office Ireland.

Ireland Facts

Value Change Date
Bond Yield-0.090.27 %Jan 01
Exchange Rate1.120.65 %Dec 31

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