Slowest rise in output for a year-and-a-half
Growth of the Irish manufacturing sector continued in August, although output, new orders and employment all rose at weaker rates than in the previous month. The rate of cost inflation eased to a six-month low and firms reduced their output prices for the third consecutive month.
The seasonally adjusted Investec Purchasing Managers’ Index® (PMI®) – an indicator designed to provide a single-figure measure of the health of the manufacturing industry – signalled a further strengthening of business conditions during August. However, at 53.6, down from 56.7 in July, the index pointed to the weakest improvement in operating conditions since February 2014.
The full Republic of Ireland Manufacturing PMI® Report is attached.
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