Solid output growth in January: NCB Purchasing Managers’ Index

The Irish manufacturing sector maintained solid growth of output and new business in January, according to the NCB Purchasing Managers’ Index.

Data from the January NCB survey indicated a continued solid improvement of business conditions in Irish manufacturing. The seasonally-adjusted NCB Purchasing Managers’ Index – an indicator designed to provide a measure of the economic health of the manufacturing industry – posted a level above the critical 50.0 mark for the 29th consecutive month.