Rise in industry production volume

The volume of industrial production rose 5.9 per in the 12 months to the end of June, according to new figures from the Central Statistics Office.

Volume was up 1.2 per cent from May to June, the data shows.

The 'modern' sector - which comprises fo a number of high tech and chemical industries - showed a monthly rise of 1. 6 per cent, while traditional industrial production was down 1.8 per cent.

Provisional estimates for the second quarter of 2010 show that production volumes fell by 3.6 per cent compared to the first three months of the year. The most significant contribution to this decline was a 5 per cent fall in the pharmaceutical sector.

The seasonally adjusted industrial turnover index for manufacturing industries was 5.8 per cent higher in the second quarter compared to the first three months of the year and was 1.6 per cent higher on an annu8al basis.

On an annual basis both the modern and traditional sectors showed a rise in volume production. The Modern sector saw an increase fo 4.9 per cent over the year, while the traditional secotr saw production increase by 7.5 per cent.