Manufacturing PMI shows strong growth

THE manufacturing sector grew steadily last month, though at a slightly slower rate than in June.

The July NCB purchasing managers index (PMI) report on Irish manufacturing showed a solid improvement in business conditions in the manufacturing sector with output and new orders rising robustly.

The seasonally adjusted PMI registered 53.1, down from June’s nine-month high of 54.0. Any figure over 50 signals growth.