Purchasing managers index reading remains above flash April readings for the euro zone, the US and the UK
Purchasing managers index reading remains above initial April readings for euro zone, the US and the UK
The Irish manufacturing PMI figure is well above the initial April readings for the euro zone, the US and the UK which, bar the US, reported contraction in the sector with readings of 48.7, 50.7 and 44.0, respectively. With export sales having dipped in March, the latest PMI indicates that domestic demand was the main factor behind rising manufacturing workloads.
There was also anecdotal evidence that softer US demand was offset by rising spending among clients in Asia and Europe.
Aib Eu Us Trade David-Mcnamara
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