Ireland's industrial production fell 1.7 percent from a year earlier in June 2019, following a 7.6 percent growth in the previous month, as manufacturing output dropped 2.1 percent (vs 7.2 percent in May). Within manufacturing, output contracted for food products (-4.3 percent vs 2.5 percent); rubber and plastic products (-7.9 percent vs -5.7 percent); paper and paper products (-2.2 percent vs 11.8 percent); and transport equipment (-1.8 percent vs -2 percent). On a monthly basis, industrial production plunged 8.8 percent. Industrial Production in Ireland averaged 7.35 percent from 1981 until 2019, reaching an all time high of 60 percent in February of 2015 and a record low of -19 percent in January of 2017.
Industrial Production in Ireland is expected to be -2.00 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 2.50 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.