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Financial News: Ireland Manufacturing Growth Eases Slightly In March

Ireland Manufacturing Growth Eases Slightly In March

04/03/2017 - 01:53:00 (RTTNews)

(RTTNews) - Ireland's manufacturing sector continued to expand in March, though the rate of growth eased slightly from a month ago, survey figures from IHS Markit shpwed Monday.

The seasonally adjusted Investec Purchasing Managers' Index, or PMI, dropped to 53.6 in March from 53.8 in February. However, any reading above 50 indicates expansion in the sector.

Among components, output, new orders and purchasing activity all grew at weaker rates in March. The rate of job creation remained solid and was little-changed from the prior month.

On the price front, input prices climbed again in March, driven by higher raw material costs. Nonetheless, the rate of inflation eased from February's 69-month high. On the other side, output price inflation quickened to the sharpest since April 2011.

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