Industrial production in Ireland rose 6.7 percent year-on-year in September 2018, following an upwardly revised 14 percent gain in the previous month. Output slowed for electricity, gas, steam & air conditioning supply (3.6 percent from 8 percent) and manufacturing (6.9 percent from 13.8 percent in August), namely basic metals & fabricated metal products (-6.3 percent) and electrical equipment (-3.3 percent). On a monthly basis, industrial activity advanced 2.1 percent, following an upwardly revised 8.8 percent gain in August. 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.