Turnover in Ireland’s manufacturing industries from May to July declined by 15.4 per cent compared with the previous quarter, new data from the Central Statistics Office (CSO) shows.
The data also shows that production in Irish manufacturing industries fell by 12.5 per cent in July compared with June.
On an annual basis, production in manufacturing industries was 5.6 per cent lower in the three months from May to July when compared with the same period in 2022.
The CSO said the data reflects contract manufacturing activity and outsourcing in the Irish industrial economy.
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It cautioned that the scale of contract manufacturing and outsourcing in the Irish industrial economy has increased since 2015, meaning that very high levels of short-term volatility may be present in the data.
Eamonn Cleary, a statistician in the CSO’s business statistics division, said it should be noted that the results presented in the data reflect contract manufacturing activity in the multinational sectors.
Overall production in manufacturing industries rose by 1.7 per cent in the three months to July.
The “modern” sector, which includes the chemical, pharmaceutical, and computer and electronic sectors, recorded no change in industrial production in the period May to July when compared with the previous three-month period.
The “traditional” sector, which is made up of all remaining enterprises, recorded a moderate increase of 3.4 per cent in the period May to July, when compared with the previous three-month period.
