Irish factory activity contracted slightly in December due to tumbling orders fr...
FILE PHOTO: Cranes are seen along the skyline in the Irish Financial Services Centre in Dublin, Ireland April 24, 2017. REUTERS/Clodagh Kilcoyne
DUBLIN - Irish factory activity contracted slightly in December due to tumbling orders from overseas and sluggish hiring, a survey showed on Thursday. The AIB IHS Markit Purchasing Managers’ Index for the manufacturing sector edged down to 49.5 in December from 49.7 in November, indicating deteriorating conditions in the sector for the sixth time in seven months, the longest downturn since 2012.The survey’s authors said the overall downturn was mild, with sharp falls in output and new business mostly offset by the greatest lengthening in suppliers’ delivery times in seven months.
“Yet again survey respondents called out the weakness in orders from the UK in particular, where Brexit-related uncertainty is weighing on demand.”
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