Growth in Ireland’s manufacturing sector fell to its lowest level in more than three years in July in the wake of Britain’s vote to leave the European Union, a survey showed on Tuesday.
The Investec Manufacturing Purchasing Managers’ Index fell to 50.2 in July from 53.0 in June, leaving it fractionally above the 50 mark that separates expansion from contraction.
It was the slowest pace recorded in the 38 consecutive months of growth since May 2013.
Construction PMI to Add to Case for BoE Easing
WTI/USD – Crude Dips Dips Below $40 on Soft US Manufacturing PMI
Statement by Glenn Stevens, Governor: Monetary Policy Decision