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Multi-nationals prop up Irish manufacturing production

Industrial production rises in September, new CSO figures show
Industrial production rises in September, new CSO figures show

Irish manufacturing industries produced 21.3% more goods in September this year compared to September 2013.

Compared to August 2014, the increase was 3.3%,  new CSO figures show.

The 'modern' sector, or production by multi-nationals, saw a monthly fall of 0.5% in September, but was up 27.6% in the year.

Chemicals and pharmaceuticals recorded an annual increase of 36.9%. Basic pharmaceutical products and preparations saw an annual increase of 48%.

The 'traditional' or indigenous sector rose 0.6% in the month and was up 8.8% in the year, the sixth annual increase in a row. The production of meat products was 3.7% higher, and paper goods up by 7%.

A recent improvement in the UK economy and a recovery in sterling helped the 'traditional' sector.

But the production of dairy products was almost 15% lower, and animal feeds was nearly 14% lower.

In the first nine months of 2014, output was 19.3% higher on average than the same period last year, the CSO figures show.