IBEC: CSO figures 'heartening'

IBEC have said that new CSO figures, which record a lift in manufacturing output in the first two months of the year, indicate that Ireland is beginning to emerge from recession.

IBEC Chief Economist David Croughan said: “Following a year that saw manufacturing output fall by 3.5%, it is heartening that in the first two months of the year output recorded an annual growth of over 10%. The figures confirm the positive trend indicated by the most recent NCB surveys of manufacturing purchasing managers.