empty
 
 

2024.01.0211:34:00UTC+00Irish Manufacturing Activity Deteriorates In December

Ireland's manufacturing activity signalled a contraction in December after stabilising in the previous month, survey results from S&P Global showed on Friday.

The headline AIB Manufacturing Purchasing Managers' Index dropped to 48.9 in December from 50.0 in November.

A score above 50 indicates expansion, while any score below 50 indicates contraction in the sector.

Among components, there were marginal declines in output and new orders in December, while a sharp fall was seen in the case of stock purchases.

Manufacturing employment was broadly unchanged amid a lack of pressure on business capacity and difficulties recruiting suitably skilled staff.

On the price front, input price inflation accelerated to a nine-month high in December, linked to higher staffing costs despite lower commodity prices. At the same time, selling prices decreased further due to ongoing competitive pressures to discount prices.

  • 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 $6000 more!
    In December we raffle $6000 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
  • 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