Mixed messages from manufacturing sector

Growth in Ireland’s manufacturing sector hit a 15 month high last month, according to one survey. But a survey of Irish exports show the euro crisis and generic drugs are a big issue.

1st August, 2012
Merchandise exports will contract 2.8 per cent this year, according to the Irish Exporters Association.

Growth in Ireland’s manufacturing sector hit a 15 month high last month, according to the latest NCB Purchasing Managers' index.

It climbed to 53.9 in July from 53.1 in June, well above the 50 reading that indicates growth in the sector.

But the half year export industry review from the Irish Exporters Association indicated that the euro zone crisis is threatening to derail Irish export recovery. It forecast that Irish exports will grow 2.7 per cent in...

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