The highest annual increase in industrial production was recorded in Ireland (+15.8%); 1.3% in the EU

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Posted by NanorH

7 Comments

  1. Is this genuine or just selling more phones made in China which goes through Ireland for tax purposes?

  2. 3hrstillsundown on

    From the CSO

    >The results presented in this release reflect contract manufacturing activity and outsourcing in the Irish industrial economy. This release is prepared in compliance with the requirement of EU Regulation 1165/98, as amended, and the standards set out in the UN 2010 International Recommendations for the Index of Industrial Production. These standards set out that outsourced production is included as part of an enterprise’s Irish production.

    >The scale of contract manufacturing and outsourcing in the Irish industrial economy has increased since 2015, meaning that very high levels of short-term, i.e. monthly, volatility may be present in the indices presented in this release.

    https://www.cso.ie/en/releasesandpublications/ep/p-ipt/industrialproductionandturnoveraugust2024/

    Likely dodgy data from multinationals.