Financial News: Irish Manufacturing Activity Recovers In January

Irish Manufacturing Activity Recovers In January

02/04/2025 - 01:52:00 (RTTNews)

(RTTNews) - Ireland's manufacturing sector expanded for the first time in three months in January amid renewed rises in both new orders and output, survey results from S&P Global showed on Tuesday.

The headline AIB Manufacturing Purchasing Managers' Index rose to 51.3 in January from 49.1 in December. A score above 50 indicates expansion, while any reading below 50 suggests contraction in the sector.

New orders increased marginally after falling in the previous two months, while export orders continued to decline in January. In response to the upturn in new business, production volumes rose modestly after a sharp contraction in December.

Firms reduced their input buying activity further amid a still subdued demand environment, while outstanding work levels were decreased at a solid rate, though much less quickly than in the previous month.

The latest job creation in the Irish manufacturing sector was the most pronounced since August 2024.

On the price front, input price inflation rose to a 6-month high due to increased costs for raw materials. In turn, selling prices also increased for the twelfth successive month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.K. Private Sector Activity Growth Slows In February (52 sec(s) ago)
(RTTNews) - The British private sector grew at its slowest pace in two months as services continue ...Full Story»

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023 (04 hr(s), 29 min(s), 08 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Existing Home Sales Pull Back Sharply In January (04 hr(s), 43 min(s), 08 sec(s) ago)
(RTTNews) - Existing home sales pulled back sharply in the month of January, according to a report ...Full Story»

UK Budget Logs Surplus In January (06 hr(s), 24 min(s), 08 sec(s) ago)
(RTTNews) - The UK budget logged a record surplus for the month of January on self-assessed taxes ...Full Story»

Eurozone Private Sector Expands In February (07 hr(s), 02 min(s), 08 sec(s) ago)
(RTTNews) - The euro area private sector managed to grow for the second straight month in February ...Full Story»

Mexico Q4 GDP Growth Eases More Than Estimated (07 hr(s), 30 min(s), 08 sec(s) ago)
(RTTNews) - Mexico's economic growth eased slightly more than initially estimated in the fourt ...Full Story»

Latvia Producer Prices Fall 0.3% (07 hr(s), 49 min(s), 08 sec(s) ago)
(RTTNews) - Latvia's producer prices decreased in January after rising for the first time in e ...Full Story»

Ireland Wholesale Prices Rise 2.1% (08 hr(s), 22 min(s), 08 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the third straight month in January, data ...Full Story»