Irish Manufacturing Activity Slows in Sept as Employment Fails to Grow – PMI

Irish manufacturing growth slowed in September, and employment in the sector failed to expand for the first time in over three years, a survey showed on Monday, as factories grappled with the fall-out from Britain’s vote to leave the European Union.

The Investec Manufacturing Purchasing Managers’ Index slipped to 51.3 from 51.7 in August, but remained above the 50 mark that separates expansion from contraction for the 40th straight month.

The employment sub-index slipped to 49.9 from 52.8, its first contraction – albeit a very mild one – 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.