FOREX TradingCharts.com

Financial News: Ireland Manufacturing Sector Expands For First Time Since

Ireland Manufacturing Sector Expands For First Time Since May

10/31/2019 - 23:46:00 (RTTNews)

(RTTNews) - Ireland's manufacturing sector returned to expansion territory in October for the first time since May, survey data from IHS Markit showed Friday.

The factory Purchasing Managers' Index climbed to 50.7 from 48.7 in September. A score above 50 indicates expansion.

After five consecutive months of decline, new orders expanded in October despite a fall in export sales. Output expanded in line with a pick-up in customer demand.

Employment improved from September's stagnation, rising moderately in October.

On the price front, the survey showed that input cost inflation increased from September. In response to higher input costs, manufacturers raised their selling prices for the first time in four months.

Sentiment among Irish manufacturers improved from September's series record low in October, nonetheless was historically subdued, amid reports of Brexit uncertainty.

"Overall, while the improvement in the manufacturing PMI in October is welcome, it remains at a weak level, consistent with very modest growth in the sector as the slowdown in the global economy and Brexit uncertainty continue to act as headwinds," Oliver Mangan, AIB chief economist, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November (03 hr(s), 06 min(s), 53 sec(s) ago)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story»

ECB's Lagarde Seeks New Policy Mix (04 hr(s), 45 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story»

German Economy Skirts Recession As Estimated (05 hr(s), 53 min(s), 53 sec(s) ago)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story»

Eurozone Private Sector Logs Subdued Growth (06 hr(s), 16 min(s), 53 sec(s) ago)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story»

UK Private Sector Contracts Most Since Mid-2016 (06 hr(s), 42 min(s), 53 sec(s) ago)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...Full Story»

Latvia Producer Prices Fall In October (07 hr(s), 0 min(s),53 sec(s) ago)
(RTTNews) - Latvia producer prices declined in October, led by a sharp fall in prices for the expo ...Full Story»

Taiwan Jobless Rate Eases Further (08 hr(s), 12 min(s), 53 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate dropped for a second consecutive month in October, figu ...Full Story»

Eurozone Private Sector Remains Close To Stagnation (08 hr(s), 46 min(s), 53 sec(s) ago)
(RTTNews) - The euro area private sector remained close to stagnant for a third consecutive month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November

11/22/2019 - 10:19 AM (RTTNews)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story>>

ECB's Lagarde Seeks New Policy Mix

11/22/2019 - 08:40 AM (RTTNews)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story>>

German Economy Skirts Recession As Estimated

11/22/2019 - 07:32 AM (RTTNews)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story>>

Eurozone Private Sector Logs Subdued Growth

11/22/2019 - 07:09 AM (RTTNews)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story>>

UK Private Sector Contracts Most Since Mid-2016

11/22/2019 - 06:43 AM (RTTNews)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.