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 | 0.39 | 0.27 % | Feb 20 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 6,058 | -0.39 % | Feb 20 |
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Economic News
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February 7, 2019
The KBC Bank Ireland/ESRI consumer sentiment index improved at the outset of the year, rising to 98.8 in January from 96.5 in December.
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The highly volatile Irish manufacturing industries production index contracted more sharply in December, declining 18.9% in seasonally-adjusted, month-on-month terms.
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The Irish service sector continued to lose strength at the outset of the year, with the Investec service Purchasing Managers’ Index (PMI) declining to 54.2 in January from 56.3 in December.
Ireland: Manufacturing PMI declines to over two-year low
February 1, 2019
The Investec manufacturing Purchasing Managers’ Index (PMI) fell to 52.6 in January from 54.5 in December.
Ireland: Consumer sentiment remains stable in December
January 10, 2019
The KBC Bank Ireland/ESRI consumer sentiment index came in at 96.5 in December, matching November’s print.
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