Thursday, Ireland's Central Statistics Office said the industrial production dropped 1.7% year-over-year in February, in contrast to a 0.1% increase in the previous month. A year ago, the production was down 2.1%.

On a monthly basis, industrial production declined 3% in February, after rising 10.4% in January.

Meanwhile, industrial turnover decreased 6.4% annually in February and it was down 5.4% compared to the previous month.

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