Ireland’s manufacturing sector expanded at the fastest rate in four months in December, survey figures from Markit Economics showed Friday.
The seasonally adjusted Investec purchasing managers’ index, or PMI, rose to 56.9 in December from 56.2 in November. This marked the nineteenth consecutive month of growth in the manufacturing sector and the fastest growth rate in four months.
A reading above 50 signals expansion in manufacturing activity.
Manufacturing production grew at the fastest pace since August and new orders growth accelerated to a three-month high.
Employment levels increased at the fastest rate in fifteen months.
Input costs inflation was modest and output prices recovered marginally.
“We expect 2015 to be another year of progress for the manufacturing sector here, but with the international backdrop looking like it will get worse before it gets better, conditions may not prove to be as favourable as they were in 2014, ” Philip O’Sullivan, Chief Economist at Investec Ireland, said.
Published: 2015-01-02 06:16:00 UTC+00
Ireland Dec Manufacturing PMI Rises At Fastest Rate In 4-Months
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