Irish manufacturing sector stabilizes in July, PMI rises to 50.1 amid rising input costs.

The Irish manufacturing sector stabilized in July, ending four months of deterioration, as a rise in output and accelerating job growth drove the headline Purchasing Managers' Index (PMI) to 50.1. This early sign of recovery comes amid rising input costs, with businesses reporting the sharpest increase in 17 months, highlighting the need for careful monitoring of inflationary concerns. Across Europe and Asia, manufacturing industries experienced weak performance in July due to decreased demand, raising concerns about the potential for a slow global economic recovery.

August 01, 2024
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