Industry in Ireland
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
|Industrial Production (annual variation in %)||44.3||2.1||-2.5||-4.8||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Ireland Industry Chart
Source: Central Statistics Office Ireland.
|Bond Yield||-0.09||0.27 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 18, 2022
Harmonized inflation rose to 9.4% in October from September’s 8.6%.
November 9, 2022
Industrial output grew 11.9% in month-on-month seasonally adjusted terms in September, which followed August's 19.6% increase.
November 3, 2022
The AIB Services Purchasing Managers' Index (PMI) came in at 53.2 in October, down from September's 54.1.
November 1, 2022
The AIB Manufacturing Purchasing Managers' Index (PMI) fell to 51.4 in October from September's 51.5.
October 20, 2022
Consumer sentiment came in at 46.1 in October, up from September's 42.1.