The latest CSO figures released today show that industrial output rose by 7.2% in June down 0.7% on the year. In the first half of 2016, output is up 1.5% on the same period of 2015.
This is a significant slowdown from the 35% expansion in 2015.
According to Davy Stockbrokers, "Traditional sector output has contracted by 0.4% in H1 2016 following a 4.4% gain last year. This suggests that manufacturing and exports will make a smaller contribution to GDP growth in 2016, with firms struggling with sterling’s weakness and slow demand."
Source: www.businessworld.ie
