Manufacturing sector completes two-and-a-half years of output growth
Sustained growth of the Irish manufacturing sector was signalled by November PMI data, with further sharp rises in new orders feeding through to higher output, employment and purchasing activity. Input costs continued to decrease in the latest survey period, but manufacturers raised their output prices for the first time in six months.
The seasonally adjusted Investec Purchasing Managers’ Index® (PMI®) – an indicator designed to provide a single-figure measure of the health of the manufacturing industry – dipped slightly to 53.3 in November from 53.6 in October. The reading signalled a further solid strengthening of business conditions in the sector, albeit the weakest in 21 months.
The full Republic of Ireland Manufacturing PMI® Report is attached.
Tel: 020 7747 8127
Mobile: 07515 574 551