Irish manufacturing growth slowed in July at the fastest pace since April 2013, with output contracting at the sharpest and fastest rate in more than six years, a survey showed on Thursday.
The AIB manufacturing Purchasing Managers’ Index (PMI) fell to 48.7 in July from 49.8 in June, below the 50 mark that separates growth from contraction for the second consecutive month.
Ireland’s economy has so far weathered uncertainty created by Britain’s 2016 vote to leave the European Union, but with no clarity on the terms of the departure, panellists said demand in both domestic and foreign markets deteriorated.
Via Reuters
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