Ireland's industrial output jumped 12.9 percent from a year earlier in July 2020, following a downwardly revised 5 percent rise in the previous month, mainly driven by production of electrical equipment (34.5 percent) and textiles, wearing apparel and leather related products (10.6 percent). Other positive contributions came from rubber and plastic (9.4 percent); and food products (5.5 percent), namely dairy (1 percent) and other food products (8.6 percent). In contrast, output continued to fall for paper (-16.2 percent); wood and wood products, except furniture (-14.9 percent); basic metals and fabricated metal products (-9.2 percent); transport equipment (-19.6 percent); and other non-metallic mineral products (-1.3 percent). On a monthly basis, industrial production went up 8.3 percent, after increasing 13.7 percent in the prior month.
Industrial Production in Ireland averaged 7.10 percent from 1981 until 2020, reaching an all time high of 60 percent in February of 2015 and a record low of -19.20 percent in August of 2016. This page provides the latest reported value for - Ireland Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Statistics Office Ireland
Industrial Production in Ireland is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Ireland to stand at 2.00 in 12 months time. In the long-term, the Ireland Industrial Production is projected to trend around 1.40 percent in 2021 and 3.40 percent in 2022, according to our econometric models.