Production output rose 3.3% in June, says CSO

Manufacturing production was 3

Manufacturing production was 3.3 per cent higher in June compared with May 2012, according to new figures from the Central Statistics Office.

Production was 10.5 per cent higher for June 2012 when compared to June 2011.

The seasonally adjusted volume of industrial production for manufacturing industries for the three-month period between April and June was also 5.1 per cent higher than the previous quarter.

The CSO data shows the seasonally adjusted volume of industrial production for June 2012 was 4.5 per cent higher than the same month last year. On an annual basis, turnover increased by 5.6 per cent when compared with June 2011.

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Production in the so-called “modern” sector, which comprises a number of high-technology and chemical fields, showed a monthly increase of 1 per cent in June while a rise of 0.3 per cent was recorded for the “traditional” sector.

Neither sector appears to have been affected by the slowdown in the European economy since late last year. Most output of both sectors is for export to foreign markets. PAMELA NEWENHAM