Thursday 18 January 2018

April's 3pc growth rate here outstrips European average

IRISH industrial production in April grew by 3pc, far in excess of the European average.

EU-wide production in April improved on March but was still down by nearly 1pc compared with the same period last year. It was up by 0.3pc compared with March but down 0.8pc compared with April 2012, according to new figures from Eurostat, the European statistical agency.

Ireland had one of the highest monthly increases, up 3pc, followed by France, up 2.3pc. The biggest declines in industrial activity were evident in Finland, down 5.1pc and the Netherlands, down 4.3pc.

Production of non-durable consumer goods such as food increased by 0.7pc in the month while energy production dropped by 1.5pc.

Production of durable goods, such as electronics, declined by 1.4pc across the 27 EU countries. Some big annual declines in annual industrial production have also emerged, including Finland, down 10.2pc, and Italy, down 4.5pc.

Irish Independent

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