A Central Statistics Office (CSO) report has shown that production in May 2010 rose by 9.5 percent when compared to May 2009. The statistics are based on the findings of the monthly industrial production index, the aim of which is to measure changes in value added at constant prices.
The ‘Modern’ sector, which comprises of a number of chemical and high-technology sectors, showed an annual increase in production of 13.9 percent. A decrease of 0.9 percent was recorded by the ‘Traditional’ sector. The figures for the seasonally adjusted industrial turnover index for manufacturing industries increased by 6.6 percent in the period from March to May 2010 when compared to the preceding three months.