Irish manufacturing recovery gathers momentum

Irish manufacturing firms raised output at the fastest pace in two-and-a-half years as the recovery in the sector gathered momentum in October.

1st November, 2013
Manufacturing production increased at the sharpest pace in 30 months during October.

Irish manufacturing firms raised output at the fastest pace in two-and-a-half years as the recovery in the sector gathered momentum in October.

The rate of growth in new business quickened, while employment and purchasing activity also increased at steeper rates during the month, according to the latest Investec Purchasing Managers’ Index (PMI).

The index stood at 54.9 in October, up from 52.7 in September, pointing to a marked strengthening of business conditions in the...

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