News Column

Ireland's Manufacturing Sector Continues To Expand

July 31, 2014

DUBLIN (Alliance News) - Ireland's manufacturing sector continued its upward trend in July on the back of strong domestic and foreign demand, Markit Economics said Friday.

The seasonally adjusted Investec Purchasing Managers' Index rose marginally to 55.4 in July from 55.3 in June. Operating conditions have now improved in each of the past 14 month. A score above 50 indicates expansion in the sector.

The growth in manufacturing output accelerated to a three-month high in July. At the same time, new orders from both domestic and export clients strengthened.

Firms continued to take on extra staff in July, extending the current sequence of job creation to 14 months.

Input prices rose moderately in July, although the rate of inflation quickened from that seen in June. Improved client demand helped manufacturers to pass on higher input costs, resulting in a second straight monthly rise in output prices.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters