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Irish Manufacturing Growth Drops Sharply

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http://www.telegraph.co.uk/finance/economics/8549738/Irish-manufacturing-growth-drops-sharply.html

The NCB Purchasing Managers' Index, which measures Irish manufacturing activity, dropped to 51.8 in May from 56 in April, the weakest pace since November but staying above the 50 mark that separates growth from contraction for an eighth month.

Brian Devine, economist with NCB Stockbrokers, said the PMI data and a similar trend in industrial output figures painted a worrying picture.

"Industrial output was down 0.45pc quarter on quarter in Q1 driven by underperformance in a few specific sectors. It is thus worrying that the PMI is dipping towards 50 once again, suggesting that the pace of activity in the manufacturing sector generally is slowing."

The rate of expansion in manufacturing output fell to 52.6 in May from 58.7 in April. New orders increased at their slowest pace since November 2010. In response, employment fell fractionally after five straight months of increases.

Good news for all of those holding Irish debt, the economic recovery is clearly going to ensure everyone gets their money back.

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Good news for all of those holding Irish debt, the economic recovery is clearly going to ensure everyone gets their money back.

Snookered, better hope the Leprechauns really do have bags of Gold :lol:

Default - coming to a country near you...

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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