herald

Sunday 19 August 2018

Worrying fall-off in Irish manufacturing

JOBS in the manufacturing sector were affected by a slowdown in orders within the last month.

A worldwide study unveiled that the deceleration was experienced in Ireland and across the globe.

The NCB Purchasing Managers Index (PMI) fell from 56 in April to 51.8 last month, which was the weakest figure since November last year.

NCB economist Brian Devine (above) said that the slowdown was "worrying". The report said the Irish manufacturing sector lost momentum in May, with growth rates of both output and new orders slowing "markedly".

However, export orders continued to expand strongly.

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