Sunday August 9, 2020

Manufacturing sector expands at fastest rate in five months in December

New export orders were at a three-month high

4th January, 2016
New orders in the manufacturing sectors rose to their highest level since July

The Irish manufacturing sector expanded again in December, recording its highest level of growth since July, a new report shows.

The Investec and Markit Economics purchasing managers' index (PMI), which tracks changes in the sector, rose to 54.2 last month from 53.3 in November but down from 56.9 in December last year. It remains well above the 50 level that separates expansion from contraction.

The sub-index measuring new orders hit a five-month high of 57.2 from 55.6 the previous...

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