Thursday April 9, 2020

Irish manufacturing sector slows in July as new orders fall

The PMI index fell to its lowest level in over three years

2nd August, 2016
New orders posted their lowest reading since June 2013

Activity in the Irish manufacturing sector slowed in July in the wake of the UK vote to leave the European Union as new orders contracted for the first time in three years, a new survey shows.

The Investec and Markit Economics purchasing managers' index – which tracks changes in the sector – fell to 50.2 last month from 53 in June and 56.7 in July last year. The reading was the lowest since May 2013...

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