Ireland's industrial production fell 2.6 percent from a year earlier in November 2019, following a 3.3 percent decline in the previous month, as manufacturing output continued to drop (-2.9 percent vs -3.8 percent) on the back of food products (-4.5 percent vs 4.0 percent) and electrical equipment (-10.2 percent vs -4.8 percent). Meanwhile, there were increases in production of rubber and plastic products (51.8 percent vs 28.5 percent), transport equipment (42.3 percent vs 27.0 percent), paper and paper products; printing and reproduction of recorded media (10.4 percent vs -1.4 percent), basic metals and fabricated metal products (4.4 percent vs -1.5 percent), textiles, wearing apparel and leather related products (4.0 percent vs -1.4 percent), and wood and wood products, except furniture (1.9 percent vs 18.4 percent). Industrial Production in Ireland averaged 7.25 percent from 1981 until 2019, reaching an all time high of 60 percent in February of 2015 and a record low of -19.20 percent in January of 2017. 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 3.00 percent in 2020, according to our econometric models.