Total industrial output up 11%

IRELAND’S manufacturing output was up a strong 12.1% in the year in September and total industrial production was 10.9% higher, according to figures released yesterday by the Central Statistics Office.

The trend is maintained as the seasonally-adjusted volume of total industrial output for the period July to September 2010 was up 2.7%, compared with the preceding three-month period, and there was a slightly smaller rise of 2.3% in manufacturing over the same time span.

Bloxham chief economist Alan McQuaid said the bottom line is external demand will be key to how manufacturers perform in the coming months.