empty
 
 

2017.12.0101:37:00UTC+00Ireland Manufacturing Growth Strongest Since Dec 1999

Ireland's manufacturing activity expanded at the sharpest pace in nearly eighteen years in November, survey data from IHS Markit showed Friday.

The seasonally adjusted Investec Purchasing Managers' Index, or PMI, climbed to 58.1 in November from 54.4 in October. Any reading above 50 indicates expansion in the sector.

Among components, output, new orders and employment all rose at much stronger rates than in October.

The strong expansion in new business was the fastest since the end of 1999 and one of the steepest in the survey's history.

On the price front, input price inflation accelerated to a 7-month high in November amid reports of higher costs for raw materials including aluminium, paper and plastics.

At the same time, output price inflation eased to the weakest since February amid some reports of competitive pressures.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback