Industrial production in Ireland rose 0.8 percent from a year earlier in February of 2019, following an upwardly revised 8.8 percent slump in the previous month. Manufacturing rebounded slightly by 0.2 percent (from -9.4 percent in January), mainly supported by increases in production of food (5.8 percent vs 4.4 percent); transport equipment (28.5 percent vs 2.2 percent); paper & paper products, printing and and reproduction of media (20.2 percent vs -2.5 percent); electrical equipment (16.2 percent vs 16.9 percent) and wood & wood products (16.4 percent vs 17.2 percent). On a monthly basis, industrial production dropped 0.1 percent compared to an upwardly revised 15.4 percent jump in the previous month. Industrial Production in Ireland averaged 7.34 percent from 1981 until 2019, reaching an all time high of 60 percent in February of 2015 and a record low of -19.30 percent in January of 2017.
Industrial Production in Ireland is expected to be 5.10 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.