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

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam