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Manufacturing production up 2.8% in March - CSO

Production in traditional sectors fell during March but modern areas saw significant growth
Production in traditional sectors fell during March but modern areas saw significant growth

Manufacturers grew production by 2.8% in March when compared to the previous month, according to the Central Statistics Office, as high-tech and chemical sectors expanded significantly during the month.

The 'modern' segment of manufacturing industries grew by 7.9% during the month when compared to February, more than countering a 2.7% decrease in 'traditional' sectors.

Year-on-year production for manufacturing industries was up 45.5% in March - with both modern and traditional sectors growing over the twelve months.

There was also an 11.5% increase in the seasonally adjusted industrial turnover index during the month - which measures the change in the level of sales of industrial products.

On an annual basis the turnover index was up 35.1% in March.