Industrial production sees 18pc growth rate
THERE was a boost for growth indicators as industrial production jumped by 17pc in 2010, finishing with a growth rate of 18pc in December.
The Central Statistics Office said that production for manufacturing industries for December 2010 was 18.3pc higher than in December 2009.
IBEC chief economist Fergal O'Brien (above) said that, despite poor weather conditions, manufacturing output expanded strongly in December.
He said firms were able to make up for lost time and the impact on production volumes was limited. "Overall, 2010 was one of strong recovery for Irish manufacturing, reflected both in the improving trend in output and strong export figures," he said.
"Manufacturing output grew by 8.4pc during 2010, with the modern sector expanding by 11pc and the traditional sector recovering by 2pc."