New figures from the Central Statistics Office show that production in manufacturing industries decreased by 22% in the third quarter of this year compared to the same second quarter.
But the CSO said that production in manufacturing industries rose by 1.3% in September compared with August.
Meanwhile, on an annual basis, production in manufacturing industries was 22.8% lower in the three months from July to September compared with the same time in 2022.
The CSO noted that the large decline was not uniform across the various industrial sub-sectors.
The highly globalised Modern sector, which includes the chemical, pharmaceutical and computer and electronic sectors, saw a 24.1% decrease in industrial production in the third quarter of 2023 on the same time last year.
But the Traditional sector reported an increase of 6.2% over the same time.
Today’s CSO figures also show that food production grew by 7.9% in the three months from July to September on last year.