Production in manufacturing industries declined by 3.1% in the three-month period from March 2022 to May 2022, compared to the previous three months.
On an annual basis, industrial production was 14.3% less than in the corresponding three-month period of 2021, according to Central Statistics Office (CSO) report.
From March to May 2022, production in the traditional sector was 11.5% greater than during the same months last year, when many industries were facing public health restrictions due to the Covid-19 pandemic.
However, over the same time period, production in the modern sector declined by 17.9% compared to the corresponding period the previous year.
Production of Electricity, Gas, Steam & Air Conditioning declined by 17.6% in the three months from March to May 2022, compared to the previous three-month period.
Turnover in Manufacturing Industries was 3.9% higher in the three months from March 2022 to May 2022 than in the preceding three months.
Eamonn Cleary, the statistician in the business statistics division, said: “On an annual basis, industrial production was 14.3% lower in the three-month period from March to May 2022 than had been the case in the corresponding period of 2021, when many industries were experiencing COVID-19 related restrictions.
“However, it is important to note that this annual decrease in production was not uniform across the industrial sub-indices. For instance, the modern sector experienced a 17.9% decrease in production in this period, compared to the traditional sector which saw an increase of 11.5%.”