Ecostat sees industrial output rising in May

Ecostat projects industrial output will rise 7.7pc in May from the same month twelve months earlier as domestic sales rise 3.7pc and export sales climb 11.7pc. Producer prices are set to rise 3.2pc. Ecostat expects retail sales to fall 4.6pc in May, though gross wages could rise by 1.6pc, falling 5.5pc in the public sector, but climbing 4.5pc in the private sector. The central bank base rate could fall to 5.75pc from 6.25pc by May.

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