Sunday July 12, 2020

Manufacturing slump continues as Brexit fears mount

Confidence among Irish manufacturing businesses sank to the lowest level in more than seven years in September, as orders from abroad fell at their fastest pace since 2009

1st October, 2019
Manufacturing output falls again. Pic: Getty

New figures show that activity in the Irish manufacturing sector fell for the fourth month in a row in September, with Brexit hitting sales to the UK and optimism among firms sliding to its lowest level in seven years.

The AIB manufacturing PMI came in at 48.7, a marginal rise from August’s 48.6 but still below the 50 mark which indicates growth.

In the AIB survey, new business fell for the fifth month in a row,...

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