Ireland's industrial production growth slowed sharply to 7.5 percent year-on-year in April 2019 from an upwardly revised 19 percent in the previous month, as manufacturing output rose at a slower pace (7.1 percent vs 19.3 percent) on the back of food products (9.4 percent vs 15.9 percent), wood and wood products (14.4 percent vs 19 percent), paper and paper products (22.3 percent vs 36.4 percent). In addition, production fell for transport equipment (-8 percent vs 2.9 percent), rubber and plastic products (-0.3 percent vs 9.1 percent) and other non-metallic mineral products (-1.8 percent vs 18.5 percent). Meanwhile, basic metals and fabricated metal products output rose at faster pace (24.6 percent vs 19.7 percent). On a monthly basis, industrial output jumped 3.7 percent, following a 1.6 percent growth in March. Industrial Production in Ireland averaged 7.36 percent from 1981 until 2019, reaching an all time high of 60 percent in February of 2015 and a record low of -19.10 percent in January of 2017.
Industrial Production in Ireland is expected to be -3.20 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 -6.40 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.