Ireland’s manufacturing activity expanded at the fastest pace in three months in June, survey figures from Markit Economics showed Friday.
The seasonally adjusted Investec Purchasing Managers’ Index, or PMI, rose to 53.0 in June from 51.5 in May. Any reading above 50 indicates expansion in the sector.
Both output and new order growth picked up in June following slowdowns in May. The rate of expansion in manufacturing production quickened to a three-month high.
Higher production requirements forced firms to raise their employment in June. The rate of job creation marked the quickest in three months.
On the price front, input price inflation accelerated sharply and was the fastest since September 2013, driven by higher prices of oil and food products in global commodity markets. As a result, manufacturers lifted their selling prices.
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