Healthy hike in industrial volume figures

INDUSTRIAL production volumes showed their biggest increase in three months, via a healthy 3.5% year-on-year increase in October, according to latest figures from the Central Statistics Office (CSO).

October’s annualised rise was driven by good performances in pharmaceuticals and computer and electronic equipment areas, while food production volumes were down by more than 7% on a year-on-year basis in the month.

However, the data showed industrial production dipped in the three months up to October, again on a year-on-year basis, by 4.8%.