Industrial production up 3.3%

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 CSO data also shows that 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.

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