Ireland's industrial production increased 4.7 percent year-on-year in April of 2020, easing from an upwardly revised 23.6 percent jump in the previous session, which was the strongest gain in industrial activity since October of 2016. Manufacturing output rose 5.9 percent, slowing from a 24.9 percent surge in March, particularly electrical equipment (11.1 percent vs 11.4 percent) and rubber & plastic products (0.8 percent vs 21.9 percent). On a monthly basis, industrial production fell 7.4 percent, down from a 15.3 percent rise in the prior month.
Industrial Production in Ireland averaged 7.16 percent from 1981 until 2020, reaching an all time high of 60 percent in February of 2015 and a record low of -18.90 percent in December of 2018. 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 July of 2020. source: Central Statistics Office Ireland
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 1.00 in 12 months time. In the long-term, the Ireland Industrial Production is projected to trend around 3.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.