Manufacturing output increases 3.3% in June

Ireland’s manufacturing industries are powering ahead of their European counterparts, increasing their output by 3.3% in June compared with May, according to figures released by the Central Statistics Office.

Production rose by 10.5% year on year. The seasonally adjusted manufacturing output for the three-month period April to June 2012 was 5.1% higher than in the preceding three-month period.

British manufacturing output fell 2.9% in June after a 1.2% rise in May, the data showed, but beat the forecasted fall of 4.1%. Industrial output fell 2.5% following a 1% rise in May, but did better than the forecasted 3.4% decline.