Manufacturing production output down 2.7% on month-by-month basis

Production output across Ireland’s manufacturing industries fell by 2.7% on a rolling month-by-month basis in March and was down by 6.2% on a year-on-year basis, according to newly published data from the CSO.

The latest monthly industrial production and turnover figures, released yesterday, caps an underwhelming week for the sector; the latest purchasing managers’ index (PMI) having already hinted that things got even worse in April.

The CSO’s March data means that only February has shown any signs of production growth so far this year.