FOREX TradingCharts.com

Financial News: Irish Manufacturing Output Grows Most In 14 Months

Irish Manufacturing Output Grows Most In 14 Months

02/09/2024 - 09:14:00 (RTTNews)

(RTTNews) - Ireland's manufacturing output expanded at the sharpest pace in more than a year in December, preliminary figures from the Central Statistics Office showed on Friday.

Manufacturing output jumped a seasonally adjusted 45.5 percent year-on-year in December, reversing a 21.5 percent decline in November. This was the first increase in six months.

Further, this was the biggest growth since October 2022, when output had risen 56.7 percent.

The strong recovery in December was largely due to a 70.0 percent surge in wood and wood products output. Production of food products also grew markedly by 55.8 percent.

On a monthly basis, output in the manufacturing sector logged a huge growth of 77.6 percent from November, when it grew by 11.6 percent.

Industrial production also surged 40.5 percent in December compared to last year, in contrast to a 20.9 percent jump in the prior month.

Compared to the previous month, industrial output showed a growth of 23.5 percent in December after a 7.3 percent rebound in the prior month.

During the October-December period, production in the manufacturing industries contracted by 4.4 percent compared with the previous three-month period.

The modern sector, which includes the chemical, pharmaceutical, and computer and electronics sectors, recorded an annual fall of 11.4 percent in industrial production in the period October to December 2023, while the traditional sector showed an increase of 8.3 percent.

During the whole year 2022, overall production in manufacturing industries was 7.5 percent lower compared to 2022.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


German Ifo Business Morale Rises Slightly (07 hr(s), 10 min(s), 24 sec(s) ago)
(RTTNews) - Sentiment among German companies rose moderately in February due to less pessimism reg ...Full Story»

Poland Jobless Rate Rises To 5.4%, Highest In 10 Months (08 hr(s), 07 min(s), 24 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased further in January to the highest level in n ...Full Story»

German Economy Shrinks On Weak Investment (08 hr(s), 54 min(s), 24 sec(s) ago)
(RTTNews) - The German economy contracted at the end of the year on weaker investment, revised dat ...Full Story»

German Business Confidence Improves Slightly - Ifo (09 hr(s), 11 min(s), 24 sec(s) ago)
(RTTNews) - Business confidence in Germany strengthened modestly in February due to less pessimism ...Full Story»

Hungary Jobless Rate Rises To 4.6% (09 hr(s), 37 min(s), 24 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased somewhat during the November-January period, ...Full Story»

Czech Economic Confidence Weakens To 8-Month Low (10 hr(s), 35 min(s), 24 sec(s) ago)
(RTTNews) - The Czech economic confidence index declined for the second straight month in February ...Full Story»

Malaysia Inflation Steady At 1.5% (11 hr(s), 04 min(s), 24 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation remained stable for the second straight month ...Full Story»

German GDP Contracts As Estimated In Q4 (11 hr(s), 32 min(s), 24 sec(s) ago)
(RTTNews) - The German economy contracted as estimated in the fourth quarter on weaker investment, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

German Ifo Business Morale Rises Slightly

02/23/2024 - 06:48 AM (RTTNews)
(RTTNews) - Sentiment among German companies rose moderately in February due to less pessimism reg ...Full Story>>

Poland Jobless Rate Rises To 5.4%, Highest In 10 Months

02/23/2024 - 05:51 AM (RTTNews)
(RTTNews) - The unemployment rate in Poland increased further in January to the highest level in n ...Full Story>>

German Economy Shrinks On Weak Investment

02/23/2024 - 05:04 AM (RTTNews)
(RTTNews) - The German economy contracted at the end of the year on weaker investment, revised dat ...Full Story>>

German Business Confidence Improves Slightly - Ifo

02/23/2024 - 04:47 AM (RTTNews)
(RTTNews) - Business confidence in Germany strengthened modestly in February due to less pessimism ...Full Story>>

Hungary Jobless Rate Rises To 4.6%

02/23/2024 - 04:21 AM (RTTNews)
(RTTNews) - Hungary's unemployment rate increased somewhat during the November-January period, ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.