11/11/2010

Manufacturing Increased 12% Since 2009

Output from Ireland's manufacturing industry has increased by 12% since last year, according to the latest statistics from the Government.

The Central Statistics Office (CSO) has reported this morning that "significant" changes have occurred in a number of manufacturing sectors, with an average increase of 12.1% since September 2009.

According to this morning's report, the biggest changes were in basic pharmaceutical products and preparations, which increased by 14.7%, while food products were up by 11.4%.

The monthly index measures the change in the level of sales each month of industrial products, whether manufactured in the month in question or in previous periods.

Meanwhile, the seasonally adjusted figures for industrial production in manufacturing industries for the three month period, July 2010 to September 2010, was 2.3% higher than in the preceding three month period.

The CSO said the “modern sector", comprising a number of high-technology and chemical sectors, showed an annual increase in production for this September of 13.5% and an increase of 6.5% was recorded in the “traditional sector", which incorporates industries such as farming, textiles, food and wood.

Meanwhile today, Minister for Trade Batt O'Keffee said Ireland's exports increased by 13% in August compared with the same month last year.

"Ireland is the only country in the eurozone, bar Germany, to record an increase in export activity in the first half of this year."

The minister said that internationally, exports fell by more than 20% last year, while in Ireland, they fell by less than 3% and services exports actually grew by 2%.

The positive news comes in stark contrast to a dismal day for the economy yesterday, as the Government faced tough questions on their decision to extend the bank bailout until July 2011, and accusations that the State was headed for bankruptcy.

However, todays figures show a trend of gradual increase in the manufacturing industries, growing 2.4% in the three month period July 2010 to September 2010 when compared with the preceding three month, while on an annual basis turnover was 8.1% higher when compared with September 2009.

(DW/KMcA)

Related Irish News Stories
Click here for the latest headlines.

07 May 2010
Unemployment Rise Faltering
Unemployment levels across the State are levelling out. New figures from the Central Statistics Office (CSO) show that the numbers signing on the live register decreased by a small amount in April. Seasonally adjusted figures show the Live Register fell by 500 during April, to stand at 432,500 at the end of the month.
28 September 2018
Latest Monthly Homeless Figures 'Meaningless'
The latest monthly homeless figures have been described as "meaningless" by Sinn Féin Housing spokesperson Eoin Ó Broin. Deputy Ó Broin made the comment after the Minister for Housing Simon Coveney told the Housing Committee this afternoon that an additional 741 people have been removed from the official figures over the past few months.
01 April 2010
Irish Manufacturing Expands
Irish manufacturing expanded in March for the first time in more than two years as the global economic recovery boosted export demand, the Irish Independent has reported. An index of manufacturing activity increased to 53 from 48.6 in February, NCB Stockbrokers said in a monthly report today. Any reading above 50 indicates expansion.
14 September 2016
Investigations Launched Into Workplace Death In Cork
Investigations have been launched into the death of a 35-year-old man in a workplace accident in Co Cork. It is understood that an incident occurred at around 1.30am at Architectural & Metal Systems, an aluminium manufacturing plant, in Little Island. Garda and the Health and Safety Authority have launched separate investigations into the incident.
12 May 2015
Fine Gael Welcome Job Announcement For Dublin West
News that up to 1,000 jobs are to be created during and following the construction of a new biologics manufacturing facility in Dublin West has been welcomed by Fine Gael Senator Catherine Noone. Senator Noone welcomed the news that Alexion Pharmaceuticals is to develop their first facility outside the US.