Manufacturing output jumps 40% in final part of 2022 via IrishTimesBiz
The increase in industrial output largely reflects increases in export manufacturing activity from sectors such as pharmaceuticals.Manufacturing output in three-month period between September and November last year jumped by a colossal 40.6 per cent when compared with the corresponding period of 2021, according to the Central Statistics Office
The surge was driven by what the CSO classifies as the “Modern sector”, which includes the pharmaceutical, computer, electronic and medical instrumentation sectors. The sector recorded a 43.8 per cent increase in industrial production from September to November 2022. “The increase in industrial output largely reflects increases in export manufacturing activity and contract manufacturing in the multinational sectors,” the CSO said.
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