Industrial production sees 22% drop in activity

The figures are highly volatile given the scale of contract manufacturing by multinationals in Ireland

Food production grew by 7.9% in the three months from July to September compared to 2022.

Production in manufacturing industries fell by almost 23% compared to the same period a year ago.

According to the Central Statistics Office, the highly globalised modern sector, which includes the chemical, pharmaceutical and computer and electronic sectors, experienced a 24.1% decrease in industrial production from July to September compared with the same period in 2022. This compares with a 6.2% drop in the traditional sector over the same period.