Production falls sharply in multinational-dominated industries

In terms of turnover, which is a measure of the level of industrial product sales, manufacturing across all industries saw a 7.4% decline on an annual basis

Between December and February, overall manufacturing production was 13.7% lower when compared to the same period a year prior. 

Production in highly globalised multinational sectors has fallen sharply compared to last year, while Irish-owned industrial output increased, new data from the Central Statistics Office (CSO) shows.

Production in manufacturing industries rose by 24.3% in the three months to February 2024https://t.co/aAcZqgRgAU#CSOIreland #Ireland #IrishBusiness #BusinessStatistics #IndustrialProduction #Manufacturing #IndustrialTurnover #Business #BusinessNews pic.twitter.com/lCSqa7MMAj

— Central Statistics Office Ireland (@CSOIreland) April 9, 2024