Irish Manufacturing Growth Slips to Three-Year Low on Brexit – PMI

Growth in Ireland’s manufacturing sector fell to its lowest level in more than three years in July in the wake of Britain’s vote to leave the European Union, a survey showed on Tuesday.

The Investec Manufacturing Purchasing Managers’ Index fell to 50.2 in July from 53.0 in June, leaving it fractionally above the 50 mark that separates expansion from contraction.

It was the slowest pace recorded in the 38 consecutive months of growth since May 2013.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.