Industrial production up 0.6%

The volume of industrial production increased by 0.6 per cent in September, compared to the same month a year earlier.

The volume of industrial production increased by 0.6 per cent in September, compared to the same month a year earlier.

New figures from the Central Statistics Office (CSO) show that production in the third quarter rose 4 per cent compared to the prior quarter.

During September there was a strong rise in production of pharmaceutical goods although there was also a marked decreased in producton of computer goods and food products.

The annual increase in the modern sector - which comprises of a number of high technology and chemical industries - showed an annual increase in production of 10.9 per cent in September while a 17.7 per cent decrease in production was recorded in the traditional sector.

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The seasonally adjusted industrial turnover index for Manufacturing Industries was 11.4 per cent lower in the third quarter when compared to the precedign three-month period.

On an annual basis turnover was 11.1 per centlower when compared with September 2008.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist