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Irish industrial production growth surges ahead of EU average

Industrial production in Ireland grew at a rapid pace in June when compared to last year - but was down month-on-month
Industrial production in Ireland grew at a rapid pace in June when compared to last year - but was down month-on-month

Ireland’s industrial production surged ahead of other European Union countries in June when compared to the same month of 2014, according to figures from Eurostat.

Industrial production was 1.7% higher across the EU’s 28 member states and up 1.2% across the euro zone – while Ireland saw growth of 27.6% when comparing June 2015 to June 2014.

This gave Ireland by far the highest rate of growth in the EU, with Denmark the next best at 7.6%.

Greece had the biggest fall in production during the month – down 4.6%.

Across the euro area the production of non-durable consumer goods was up 2.5%, while capital goods were up 1.7%. 

Month-on-month industrial production fell in the EU and euro zone, down 0.2% and 0.4% respectively.

Despite its strong growth on last year’s figures, Ireland’s industrial production also dipped between May and June, down 2% in the period.

Denmark had the highest monthly growth, however, up 4.2% from May to June.