Irish manufacturing PMI falls to 47.4 in June, marking the sharpest contraction since July 2023.
Irish manufacturing activity in June experienced the sharpest contraction in nearly a year, with the AIB Manufacturing Purchasing Managers' Index (PMI) falling to 47.4, down from 49.8 in May. This decline was driven by a fall in output and new orders, with demand retreating sharply. The manufacturing sector has seen four months of contraction, and the latest downturn is the most marked since July 2023.
July 01, 2024
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