On an annual basis production for Irish manufacturing
industries for January 2011 was 1.7% higher than in January 2010.
The Central Statistics Office (CSO) said the most
significant changes were in the following sectors: Food Products (-6.8%) and
Computer, electronic and optical products (+9.6%). The seasonally adjusted
volume of industrial production for Manufacturing Industries for the three month
period November 2010 to January 2011 was 0.4% lower than in the preceding three
The “Modern” Sector, comprising a number of
high-technology and chemical sectors, showed an annual increase in production
for January 2011 of 1.5% and an increase of 1.2% was recorded in the
The seasonally adjusted industrial turnover index for
Manufacturing Industries was 0.9% higher in the three month period November 2010
to January 2011 when compared with the preceding three month period. On an
annual basis turnover was 6.4% higher when compared with January 2010.
Commenting on the most recent CSO
figures, IBEC senior economist Reetta Suonperä said:“At first glance it
would seem that manufacturing got off to a relatively weak start for the year,
with volume of production only up 1.7% on January 2010. Output in the high-tech
modern sector grew by 1.5%, while the traditional sector posted growth of 1.7%.
This is a substantial slowdown on the pace of growth at the end of last year.
“However, it is worth noting that January last year saw a very strong recovery
in production volumes, so the apparent slowdown reflects that base effect. The
data may also show some delayed effect from the bad weather conditions at the
end of 2010; there was no impact evident in the December production figures and
it would be surprising if the adverse weather had no short-term impact on
“The purchasing managers’ index for manufacturing continues to point towards
strongly expanding activity, so we would expect the output numbers to recover in
the coming months and overall 2011 should be a strong year for the manufacturing