Manufacturing output up 0.2%
However, despite hinting at a strong recovery from a poor performance in the second half of 2012 — production levels are up by 5.6% since the turn of the year — the latest industrial production and turnover index from the CSO shows a good performance heavily influenced by multinationals and the tech/pharma-heavy so-called ‘modern’ sector.
That element of the economy showed a monthly production increase of 0.7% in February, according to yesterday’s CSO figures; while the domestic-related ‘traditional’ sector showed no monthly change.
