Industrial production in Ireland rose 5.5 percent year-on-year in October 2018, following an upwardly revised 7.4 percent increase in the prior month. It is the lowest gain in industrial production since July. Output grew less for manufacturing (4.9 percent vs 7.5 percent in September) while advanced faster for electricity, gas, steam & air conditioning supply (9.9 percent vs 4.9 percent). On a monthly basis, industrial activity showed no growth, after an upwardly revised 2.9 percent gain in September. Industrial Production in Ireland averaged 7.48 percent from 1981 until 2018, reaching an all time high of 60 percent in February of 2015 and a record low of -19.50 percent in January of 2017.
Industrial Production in Ireland is expected to be 5.10 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 4.50 in 12 months time. In the long-term, the Ireland Industrial Production is projected to trend around 3.00 percent in 2020, according to our econometric models.