Manufacturing expected to maintain its growth

The manufacturing sector is expected to maintain its growth momentum into 2014 on the back of fresh data showing September to be the fourth successive month of production growth.

The latest monthly Manufacturing Purchasing Managers’ Index, published yesterday by Investec Ireland, also showed that September saw the fastest pace of expansion in production in over a year.

The index, for last month, measured a reading of 52.7 points, up from 52 in August. Anything above the neutral 50 point mark denotes a sector in growth mode.