Manufacturing sector experiences first improvement in four months

The manufacturing sector saw its first improvement for four months during June, according to new findings.

The latest monthly purchasing managers’ index, from Investec Ireland, shows a marginal increase in its reading — from 49.7 points to 50.3 points (anything above the neutral 50 point-mark signifies a sector in growth mode) — and the first upturn among manufacturing companies since February.

The 50+ reading was largely anticipated, but wider positivity among respondent companies has led commentators to suggest the sector’s growth might be sustainable.