Outlook for manufacturing upbeat
Latest provisional CSO industrial production and turnover figures, published yesterday, show manufacturing production levels rose by 1.6% in May, on a monthly basis, and by as much as 4.9% when measured on a year-on-year basis.
This growth compared to a 1.3% monthly increase in April and a 2.2% annualised rise that month. The latest data also suggests May was the fourth month this year to show an annualised rise in production levels amongst manufacturing companies.
