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Ireland manufacturing growth at 5-month high

Staff writer ▼ | January 5, 2016
Ireland's manufacturing activity expanded at the fastest pace in five months in December, driven by stronger growth in new orders, survey figures from Markit Economics showed.
Ireland manufacturing
Europe   The Ulster Bank Construction PMI climbed to 54.2
The Ulster Bank Construction Purchasing Manaers' Index, PMI, climbed to 54.2 in December from 53.3 in the previous month.

Any reading above 50 indicates expansion in the sector. Moreover, operating conditions have now strengthened in each of the past 31 months.

New orders continued to increase in December and the rate of growth quickened to the strongest in five months. New export orders also rose further as the weakness of the euro against sterling helped firms to secure new work from the UK.

Consequently, manufacturers raised their production levels in December. The rate of expansion quickened for the second successive month and was the sharpest since August.

Staffing levels in the sector grew further in December, although the rate of job creation eased for the third straight month.

On the price front, input prices fell for the fourth successive month in December. Similarly, selling prices dropped again, though marginally.