Irish seasonally adjusted industrial output increases in May

(Alliance News) - Production in Ireland's manufacturing industries improved on a seasonally adjusted basis in May, data published by the Central Statistics Office showed on Tuesday.

Ireland's seasonally adjusted production in manufacturing industries climbed 5.8% monthly in May, and by 8.2% year-on-year.

Unadjusted, it declined by 9.4% monthly in May, but was 9.1% higher year-on-year.

The seasonally adjusted turnover index improved 0.6% monthly in May and surged 43% annually.

Unadjusted, the turnover index edged down 4.0% monthly but jumped 46% year-on-year.

"From March to May 2024, turnover in manufacturing industries was down by 3.9% when compared with the previous three-month period," said Colin Cotter, a statistician in the Enterprise Statistics division at the CSO.

By Tom Budszus, Alliance News slot editor

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