Irish industrial production in October boosted by big jump in booked output from US-owned pharmaceutical firms
Dec 9th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish industrial production in October 2011 was 7.3% higher than in September 2011. On an annual basis production for October 2011 increased by 13.4% when compared with October 2010. In the dominant US-owned pharmaceutical sector, this result mainly reflects the way the data is recorded. Intermediate production is clearly not counted and thus a spike in one month. So it's likely that October data does NOT signal a continuing acceleration in activity.