Latest reading: Manufacturing production increased 0.8% on a year-on-year basis in March, following 0.1% growth in the previous month. Relative...
Industrial Production in Ireland
The Irish economy recorded an average industrial production growth rate of 10.8% in the decade to 2024. In 2024, industrial production growth was -5.5%. For more industry information, visit our dedicated page.
Ireland Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Ireland from 2014 to 2025.
Source: Macrobond.
Ireland Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 31.1 | 11.2 | -1.5 | -5.5 | 19.1 |
Industrial production returns to growth in February
Latest reading: Industrial production was up 5.7% in seasonally adjusted month-on-month terms in February, following a 9.7% fall in the previous month. Relative to the prior month's figures, readings in February improved for modern sector (+7.7% in seasonally adjusted month-on-month terms vs -11.2% in January) and traditional sector (+2.0% vs -1.2% in January). The modern sector’s output tends to be volatile—even more so now as U.S. tariffs wreak havoc on trade flows—due to the presence of multinational-dominated industries, such as chemicals, pharmaceuticals and computers and electronics. In annual terms, industrial production declined 9.8% in February, following a 7.8% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Irish industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Irish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Irish industry projections.
Want to get access to the full dataset of Irish industry forecasts? Send an email to info@focus-economics.com.
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