Manufacturing growth slows slightly

MANUFACTURING activity continued to grow in June, but at a slower pace than in May, according to the latest figures from NCB Stockbrokers.

Its Purchasing Managers' Index recorded 53.7, compared with 54.5 in May. Above 50 shows the sector to be growing while under 50 indicates decline.

NCB economist Eunan King said export orders to the US, Asia and Britain remained robust, while employment growth picked up slightly.