Industrial production in Ireland sank 28.7 percent year-on-year in April of 2022, the steepest decrease on record and compared to an upwardly revised contraction of 7.3 percent. It was the seventh consecutive decline in industrial activity amind distortions related to the base effects from the last 2 years. The biggest decreases were reported for manufacturing industries (-31.6 percent), underpinned by electrical equipment (-27.9 percent), paper and paper products (-38.1 percent), and food products (-6.9 percent). On the other hand, electricity, gas, steam, and air conditioning supply was 16.5 percent higher. On a monthly basis, industrial output was 9.6 percent lower, swinging from the 1 percent increase in the previous month. source: Central Statistics Office Ireland
Industrial Production in Ireland averaged 7.57 percent from 1981 until 2022, reaching an all time high of 66.40 percent in November of 2020 and a record low of -28.70 percent in April of 2022. 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 June of 2022.
Industrial Production in Ireland is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Industrial Production is projected to trend around 6.50 percent in 2023 and 3.40 percent in 2024, according to our econometric models.