An Alternative Index of Industrial Production for Ireland using Manufacturing Wages. ESRI Research Notes 2013/2/2

Timoney, Kevin (2013) An Alternative Index of Industrial Production for Ireland using Manufacturing Wages. ESRI Research Notes 2013/2/2. UNSPECIFIED.

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Abstract

Industrial production in Ireland experienced a sharp decline towards the end of the last decade. The CSO’s monthly Industrial Production and Turnover Index provides timely indicators of the volume of manufacturing output, and could be expected to follow the path of the economy over time. The index suggests a downturn in manufacturing took place between early 2008 and mid-2010, with a rapid recovery then lasting until the final quarter of 2012. More recently, the pharmaceutical patent cliff (discussed in detail in FitzGerald, this issue) resulted in a large drop-off in industrial production.

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