{"id":553540,"date":"2026-07-16T23:58:12","date_gmt":"2026-07-16T23:58:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/553540\/"},"modified":"2026-07-16T23:58:12","modified_gmt":"2026-07-16T23:58:12","slug":"irish-domestic-production-plummets-in-first-quarter-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/553540\/","title":{"rendered":"Irish domestic production plummets in first quarter \u2013 The Irish Times"},"content":{"rendered":"

Domestic production in Irish manufacturing industries plummeted in the first quarter of the year, according to new data released by the Central Statistics Office<\/a> (CSO).<\/p>\n

The figures show domestic production was down 32.5 per cent in the first few months of the year, compared with the final quarter of 2025.<\/p>\n

Additionally, when comparing the year-on-year change with the same period of 2025, domestic industrial production dropped by 33.3 per cent. <\/p>\n

\u201cThis Frontier Series release focuses only on what is being produced domestically in Ireland by excluding the parts of production which take place outside of Ireland as a result of outsourcing or contract manufacturing,\u201d said Gregg Patrick, statistician in the enterprise statistics division of the CSO. <\/p>\n

A slight spike in March saw an increase in production figures of about 24.8 per cent. However, this was still a 36.6 per cent reduction on figures recorded in March 2025. <\/p>\n

\u201cThe big fall is more an indicator of volatility than catastrophe,\u201d said economist Austin Hughes<\/a>.<\/p>\n

\"\"Will the State\u2019s plan for the Carlton Cinema site revitalise O\u2019Connell Street?<\/p>\n

\u201cIt\u2019s probably a couple of companies that are driving the volatility in this, so it\u2019s not a barometer of the health of the economy,\u201d Hughes said.<\/p>\n

\u201cIf you looked at the 32 per cent decline, you\u2019d say that\u2019s an extraordinarily weak economic performance. But what it\u2019s telling you is the extraordinary dynamism of these sectors,\u201d he added, referencing Ireland\u2019s dominant pharma<\/a> sector. <\/p>\n

\u201cIt tells you more about the nature of the Irish industrial sector than it tells you about the current health of the Irish industrial sector,\u201d Hughes said. <\/p>\n

Hughes also noted that the volatility of the Irish industrial sector was particularly impacted by Donald Trump<\/a>\u2019s foreign trade policy in 2025, which prompted front-loading of exports to the US and swollen domestic production last year.<\/p>\n

The figures come as Eurostat<\/a> records that Ireland saw the highest declines in the EU in industrial production in May, both month on month and year on year. <\/p>\n

Irish domestic industrial production dropped by 19.7 per cent year on year in May, the highest drop recorded in any EU country. This was significantly ahead of Bulgaria, which recorded the next highest year-on-year industrial decline of 4.7 per cent. <\/p>\n

This contrasted with the general decrease of 0.3 per cent across the EU, and states such as Denmark, Sweden and Latvia, where industrial production rose year on year.<\/p>\n","protected":false},"excerpt":{"rendered":"Domestic production in Irish manufacturing industries plummeted in the first quarter of the year, according to new data…\n","protected":false},"author":2,"featured_media":553541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[184481,72,14787,969,113,27203,61,60,8877],"class_list":["post-553540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-austin-hughes","tag-business","tag-central-statistics-office","tag-donald-trump","tag-economy","tag-eurostat","tag-ie","tag-ireland","tag-pharma"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/553540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=553540"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/553540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/553541"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=553540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=553540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=553540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}