Furniture output expanded by 2.8% in Feb 2020

Factory output in the furniture industry expanded 2.8% in Feb 2020 compared to the same month last year, according to new data released by the Central Statistics Office. In comparison, it had expanded at 9.2% in the previous month of Jan 2020.

Growth in the furniture industry was less than that in overall industrial output, which grew 4.5%. Furniture made up 0.13% of the overall index of industrial production (IIP), and contributed 0.0% to overall IIP growth.

Among the 23 industries tracked by the Central Statistics Office's Index of Industrial Production, the furniture industry had the thirteenth lowest growth rate. Across all industry sectors, the growth rate was highest in manufacture of basic metals, and lowest in manufacture of motor vehicles, trailers and semi-trailers.

Factory output is measured by the Index of Industrial Production (IIP), a composite index that measures changes in the volume of production of selected industrial goods.

The data has been sourced from Central Statistics Office