Irish factories shed the Brexit blues

Irish manufacturing appears to have shed its Brexit blues caused by the drop in sterling, while UK manufacturing growth slowed significantly, according to the latest surveys of purchasing managers across the world.

The Investec Ireland purchasing manager’s index showed manufacturing here rose in June to a reading of 56 from 55.9 in May, marking the fastest pace for two years and the new orders component of the survey rose for the 11th month in a row.

A reading above 50 indicates that output is growing.