Production rises 10% in August

INDUSTRIAL production in August was up 10.4% compared with the same month last year, with the rise in the volume of output led by pharmaceutical output.

That sector recorded an increase of 18.5%, while production in the modern sector – that takes in both the chemical and technological sectors – showed a 14.6% annual rise in August. By comparison traditional manufacturing rose 2.2% year on year.

In the quarter to end August production was 3.9% higher than in the March to May figures, figures released yesterday by the Central Statistics Office show.