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,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago