‘Worrying’ slowdown in orders

A SLOWDOWN in orders saw manufacturing firms cutting jobs last month as activity slowed not just in Ireland but worldwide.

‘Worrying’ slowdown in orders
Thu, 02 Jun, 2011 - 01:00
Niamh Hennessy

The study showing that growth in the Irish manufacturing sector slowed last month was described as “worrying” by NCB economist Brian Devine.

The NCB Purchasing Managers Index (PMI) fell from 56 in April to 51.8 last month, which was the weakest figure since November last year.

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