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Ireland Industrial Production Declines In February

Ireland’s manufacturing output fell in February after rising in the previous month, figures from the Central Statistics Office showed on Monday.

Manufacturing output fell 1.1 percent month-on-month in February, after a 5.9 percent increase in January.

Industrial production decreased 1.3 percent monthly in February, after a 5.9 percent increase in the previous month.

On an annual basis, manufacturing output declined 1.3 percent in February, after a 0.5 percent increase in the previous month.

Industrial production fell 1.1 percent year-on-year in February, reversing a 1.2 percent rise in the previous month.

Data also showed that the industrial turnover declined 10.0 percent monthly in February and 6.0 percent from a year ago.

The material has been provided by InstaForex Company – www.instaforex.com