Industrial output surges 8.1 percent in June

In related economic news, the statistics office announced that industrial output rose in June by 8.1 percent compared with the same month in 2014. Taking account of the extra working day this year, the increase falls to 5.5 percent when this is factored in. The value of new orders was up 10.3 percent year-on-year with higher demand coming from at home than abroad. Industrial production has climbed by 4.8 percent in the second quarter of the year compared with the 2014 performance.

Author: Chris Johnstone