Irish Manufacturing PMI: Steepest reduction in new orders in September since August 2009
Oct 3rd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Manufacturing PMI: The health of the Irish manufacturing sector deteriorated further in September, as output contracted and new business fell at a faster pace. On the price front, cost inflation eased again while firms lowered output prices in an attempt to improve competitiveness. The seasonally adjusted NCB Purchasing Managers’ Index (PMI) - - an indicator designed to provide a single figure measure of the health of the manufacturing industry - - posted 47.3 in September, down from 49.7 in August. The reading signalled a solid deterioration in operating conditions in the sector, and the sharpest since September 2009.