Production in manufacturing industries decreased by 0.6% in the three months from August to October, when compared with the previous three months.<\/p>\n
However, on an annual basis, production in the sector was 14.4% higher compared to the same period last year, according to new figures from the Central Statistics Office.<\/p>\n
The data shows that despite the fall in production during August to October, turnover in manufacturing industries was up by 2.4%, when compared with the previous three-months.<\/p>\n
While a turnover increase of 11.0% was recorded when compared with the same time in 2024.<\/p>\n
The CSO said the highly globalised Modern sector, which includes the Chemical, Pharmaceutical, and Computer & Electronic sectors, experienced an annual growth of 18.3% in industrial production from August to October, compared to the same period last year.<\/p>\n
In contrast, annual production in the Traditional sector fell by 3.4% over the same three-month period.<\/p>\n
Statistician in the Enterprise Statistics Division of the CSO, Gregg Patrick, said the CSO recommends that analysts “take a longer-term view of the indices because of the variability that can occur within the given months of a quarter.”<\/p>\n
He said the results cover manufacturing activity undertaken on behalf of industrial enterprises headquartered in Ireland.<\/p>\n
“It should be noted that they include both manufacturing in Ireland and manufacturing abroad, either by foreign subsidiaries or by foreign subcontractors.”<\/p>\n
“The multinational sector in particular is highly globalised, conducting much of its manufacturing activity abroad,” Mr Patrick added.<\/p>\n","protected":false},"excerpt":{"rendered":"Production in manufacturing industries decreased by 0.6% in the three months from August to October, when compared with…\n","protected":false},"author":2,"featured_media":183372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-183371","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/183371","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=183371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/183371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/183372"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=183371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=183371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=183371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}