Ireland's manufacturing PMI dropped to 47.6 in May due to sluggish demand and export sales.

Ireland's manufacturing sector experienced a sharp decline in new orders and output volumes, with the PMI dropping to 47.6 in May. The decline was attributed to sluggish demand conditions and export sales. While the eurozone emerged from recession in Q1 with a growth of 0.3%, the ECB is expected to cut interest rates in June, with further rate cuts anticipated in the coming months.

May 01, 2024
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