Production inched up, however, and manufacturers raised their holdings of finished goods at the second-fastest pace in the more than 21-year series history amid hopes of a pick-up in customer demand in the future. Meanwhile, amid ongoing reports of Brexit uncertainty, sentiment regarding output over the coming year eased to a 34-month low in June.
The seasonally adjusted Purchasing Managers’ Index® (PMI®) – an indicator designed to provide a single-figure measure of the health of the manufacturing industry – posted 49.8 in June, down from 50.4 in May, and signalled the first deterioration in Irish manufacturing operating conditions since May 2013. That said, the degree to which business conditions declined was marginal.
The full Republic of Ireland Manufacturing PMI® Report is attached.
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