Ireland’s production activity continued to broaden strongly at the end of the third quarter, study figures from IHS Markit revealed Monday.
The Investec factory Purchasing Supervisors’ Index dropped to 56.3 in September from 57.5 in August. A score above 50 shows growth in the sector.
Among components, both output and new orders increased at sharper rates in September, however the rate of growth slowed since August. Meanwhile, the speed of job creation marked the fastest in seven months.
On the cost front, input price inflation stayed elevated in September, driven by greater basic material expenses. This resulted further rise in output rates.
Finally, companies stayed positive that output will increase over the coming year. This optimism showed forecasts of greater new orders, the launch of new items and higher operating capacity.
The material has been provided by InstaForex Business – www.instaforex.com