FX.co ★ Ireland Manufacturing Output Rises Sharply In June

Ireland's manufacturing output expanded markedly at the end of the second quarter, preliminary figures from the Central Statistics Office showed on Tuesday.

Production in the manufacturing industries climbed a seasonally adjusted 23.9 percent year-on-year in June, much faster than the 0.9 percent rise in May, which was the first rise in eight months.

On a monthly basis, manufacturing output advanced 12.0 percent from May, when it rebounded sharply by 22.3 percent.

Total industrial production was 22.7 percent higher in June compared to last year, after a 6.5 percent growth in the prior month. This was also the second successive monthly increase.

Month-on-month, industrial production rose at a slower pace of 6.7 percent in June, following a 33.9 percent surge in May.

Data also showed that the industrial turnover decreased 1.5 percent monthly in June, while it jumped 45.4 percent from a year ago.