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Republic of Ireland Manufacturing PMI – July 2019

The degree to which export sales declined was sharp and the fastest since August 2009. As a result, manufacturers raised their holdings of finished goods at the strongest rate in more than 21 years of data collection. Meanwhile, amid reports of Brexit uncertainty, confidence towards year-ahead output sank to a three-year low.

The seasonally adjusted Purchasing Managers’ Index® (PMI®) – an indicator designed to provide a single-figure measure of the health of the manufacturing industry – posted 48.7 in July, down from 49.8 in June, and signalled the fastest deterioration in Irish manufacturing operating conditions since April 2013. The health of the sector has now worsened for two months in a row.

The full Republic of Ireland Manufacturing PMI® Report is attached.

 

Sarah McCann-Bartlett
Director General

Tel:  020 7747 8127
Mobile:  07515 574 551
Email:  sarah.mccann-bartlett@steelconstruction.org