Industrial production in Ireland fell 4.6 percent from a year earlier in August of 2020, after an upwardly revised 14.3 percent jump in the previous month. Manufacturing production dropped 5.3 percent, down from a 14.8 percent rise in July. Output fell for rubber and plastic products (-14.6 percent); paper and paper products; printing and reproduction of recorded media (-14.5 percent); transport equipment (-13.8 percent) and wood and wood products, except furniture (-13.7 percent). On a monthly basis, industrial production slumped 13.4 percent, after increasing 12.1 percent in the prior month.
Industrial Production in Ireland averaged 7.08 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 October of 2020. source: Central Statistics Office Ireland
Industrial Production in Ireland is expected to be -2.30 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 1.50 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.