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 | -0.09 | 0.27 % | Jun 20 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 6,203 | -0.39 % | Jun 20 |
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Economic News
Ireland: Services PMI climbs to six-month high in May
June 6, 2019
The Irish service sector accelerated markedly in May, as reflected by the AIB service Purchasing Managers’ Index (PMI) rising to 57.0 from 54.7 in April.
Ireland: Manufacturing industries grow at faster pace in April
June 5, 2019
Ireland’s manufacturing sector lost more momentum in May and expanded at the weakest pace since the aftermath of the UK’s EU referendum vote in July 2016, driven by an unwinding of the Brexit-stockpiling boost to the manufacturing sector.
Ireland: Manufacturing PMI tumbles to a near three-year low in May
June 4, 2019
Ireland’s manufacturing sector lost more momentum and expanded at the weakest pace since the aftermath of the UK’s EU referendum vote in July 2016.
Ireland: Consumer confidence rises in May but remains entrenched in pessimistic territory
June 4, 2019
Consumers turned slightly more optimistic in May, with the KBC Bank Ireland/ESRI consumer sentiment index rising to 89.9 from 87.7 in April.
Ireland: Industrial sector returns to growth in March
May 7, 2019
The highly volatile Irish manufacturing industries production index rose 1.3% in seasonally-adjusted, month-on-month terms in March.
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