Posts Tagged: manufacturing

Mild downturn in manufacturing continues in December

The final AIB PMI survey of Irish manufacturers for 2019 revealed a further deterioration in business conditions in December.  The extent of the downturn remained mild, with new orders and employment only fractionally lower than in November. Exports remained the main drag on total new orders, linked to a weak UK market. Output was cut… Read more »

Manufacturing sector contracts for fourth month in a row – PMI

Manufacturing sector contracts for fourth month in a row – PMI Factory activity shrank for the fourth successive month in September and is stuck around levels posted in July and August as a global manufacturing slowdown and Brexit uncertainty weigh on demand. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 48.7 in… Read more »

UK manufacturing output hits seven year low amid Brexit uncertainty

UK manufacturing output hits seven year low amid Brexit uncertainty UK manufacturing output tumbled at the fastest rate in seven years in August, as Brexit uncertainty and the global economic slowdown hit demand. The IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) fell to 47.4 in August, down from a reading of 48 in July…. Read more »

Manufacturing production down 9% in June – CSO

Manufacturing production down 9% in June – CSO Production in the manufacturing industry dropped by 9% in June compared to May 2019, according to the latest Central Statistics Office data. Annually, production for June was down 2.1% when compared with the same month last year. Seasonally adjusted volume of industrial production for the three months… Read more »

Manufacturing growth holds steady as Brexit boosts inventories – PMI

Manufacturing growth holds steady as Brexit boosts inventories – PMI Manufacturing activity grew at an almost identical rate in March compared to a month earlier, as further stockpiling ahead of Brexit mostly offset a dip in the level of output growth, a new survey shows. AIB’s manufacturing purchasing managers’ index stood at 53.9 in March,… Read more »