Industrial production falls by 9% in November

INDUSTRIAL production volumes fell by 9.1%, on a year-on-year basis, in November, according to latest figures from the Central Statistics Office (CSO).

The November fall – mainly driven by a 36.1% annualised fall in the output of computer, electronic and optical products and a 12.5% fall in food volume – marked the third seasonally adjusted decline in four months; following on from a 1.6% fall in October and a 17.5% dive in August. Only a 12.5% swing in September bucked the recent downward trend.

The November figures showed a 3.7% decline in production volumes for the so-called “modern” sector (comprising of various high-tech and chemical industries) and a 17.7% annual fall in production volumes in the “traditional” sector.