Ireland's industrial production grew 0.7 percent from a year earlier in December 2019, following a 3.5 percent fall in the previous month, due to a rebound in manufacturing (0.4 percent vs -3.9 percent). Within the sector, output rose for electrical equipment (21.7 percent vs -9.7 percent in November), transport equipment (16.9 percent vs 41 percent), textiles, wearing apparel and leather related products (21.4 percent vs 4.7 percent), paper and paper products (44.3 percent vs 10.6 percent), rubber and plastic products (7.1 percent vs 51.9 percent), and wood and wood products (3.3 percent vs 2.3 percent). Meanwhile, food products output shrank 1.1 percent (vs -4.2 percent in November). Electricity, gas, steam and air conditioning supply also increased (4.3 percent vs 0.6 percent).
Industrial Production in Ireland averaged 7.23 percent from 1981 until 2019, reaching an all time high of 60 percent in February of 2015 and a record low of -19.30 percent in January of 2017. 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. source: Central Statistics Office Ireland
Industrial Production in Ireland is expected to be -6.40 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 4.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.