Industrial Production in Ireland
Ireland recorded an average industrial production growth rate of 12.0% in the decade up to 2022, which is above the 1.1% average for the Euro Area. In 2022, industrial production growth was 17.5%. For more industry information, visit our dedicated page.
Ireland Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Ireland from 2020 to 2019.
Source: Macrobond.
Ireland Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 6.4 | 15.8 | 28.3 | 17.4 | -6.5 |
Industrial output rises in May
Industrial output rose 6.7% in month-on-month seasonally adjusted terms in May, which contrasted April's 3.4% increase. On an annual basis, industrial production increased 6.3% in May, contrasting April’s 14.7% shrinkage. Accordingly, the trend pointed up, with the annual average variation of industrial production coming in at minus 13.6%, up from April's minus 15.3% reading.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Irish industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Irish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Irish industry projections.
Want to get access to the full dataset of Irish industry forecasts? Send an email to info@focus-economics.com.
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