Ireland: Manufacturing production rebounds in June
Manufacturing output grew 13.0% month-on-month in seasonally-adjusted terms in June (May: -14.1% mom).
The notable upturn was partly driven by a marked rebound in modern sector production. In addition, traditional sector output also swung to expansion.
On an annual basis, factory output rose 5.1% in June, rebounding from May’s 12.7% fall. Accordingly, the trend improved significantly, with the annual average growth of manufacturing production coming in at plus 3.4%, up from May’s 2.8% reading.