Concern over Ireland’s manufacturing stamina

There is concern for the near-term performance of Irish manufactured goods exports in the aftermath of last week’s Brexit vote, despite significant growth being achieved in the last month.

The latest purchasing managers’ index (PMI) from Investec Ireland shows the manufacturing sector reached a three-month high in June, driven by a slight increase in new business orders and a return to growth in new export orders.

An overall reading of 53 points was measured, up from one of 51.5 in May. Anything above the neutral 50 point mark denotes an industry in growth mode.