Manufacturing production down 9% in June – CSO

Manufacturing production down 9% in June – CSO

Production in the manufacturing industry dropped by 9% in June compared to May 2019, according to the latest Central Statistics Office data.

Annually, production for June was down 2.1% when compared with the same month last year.

Seasonally adjusted volume of industrial production for the three months from April 2019 to June 2019 was 3.5% higher than in the preceding three month period.

The figures also show the “Modern” sector showed a monthly decrease in production of 17% in June 2019 and an annual decrease of 4.7% when compared with June 2018.

There was a monthly decrease of 3.3% in the “Traditional” Sector for June 2019 and an annual increase of 1.1% compared with June 2018.

Turnover decreased by 4.5% for Manufacturing Industries in June 2019 when compared with May 2019. On an annual basis turnover decreased by 1.9% when compared with June 2018.

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