Increase in manufacturing output fails to dispel fears

The economy is showing further signs of stabilisation with manufacturing output continuing its positive momentum.

Irish manufacturing output for the month of July was up 6.4% compared with Jul 2011, according to the latest figures released by the CSO.

Production was up 1.2% compared with June levels, while manufacturing output increased by 4.4% for the three months of May, June and July compared with the previous three months.