DUBLIN, Dec 7: Ireland's industrial production jumped by 38.5 per cent in October compared to the same month last year, according to official figures on Saturday.
The figures from the Central Statistics Office (CSO) showed that the industrial production rose by 10 per cent in October compared to the previous month.
The CSO figures showed the modern sector, comprising a number of high-technology and chemical sectors, saw a monthly rise of 9.5 per cent. The sector was up 49.1 per cent in the year after a revised annual rise of 27.7 per cent in September.
Chemicals and pharmaceuticals recorded a huge annual increase of 90.7 per cent, reflecting positive base effects as a result of expiry of patents last year.
The CSO figures also showed production in the traditional sector increased by 3.5 per cent in October.
The sector saw an annual increase of 17.3 per cent, marking the seventh annual increase in a row and reflected the improving economies in the United Kingdom and a recovery in sterling.