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Annual rise of 3.2% in industrial production

From September to November 2024, production in manufacturing industries decreased by 2.9% when compared with the previous three-month period, CSO data shows.

On a monthly basis, manufacturing production fell by 5.2% in November 2024.

From September to November 2024, production in manufacturing industries was 3.2% higher when compared with the same three months in 2023.

Increase

From September to November, the modern sector, which includes pharma and IT, experienced an annual increase of 3.3% in production when compared with the same period in 2023.

In comparison, annual production in the traditional sector grew by 4.2% during the same period.

Turnover in the same period in manufacturing industries was up by 10.3% when compared with the previous three-month period.

The CSO recommended that analysts take a longer-term view of the indices because of the variability that could occur within the given months of a quarter, statistician Colin Cotter said.