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Irish Manufacturing Growth Slips to Three-Year Low on Brexit – PMI

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Growth in Ireland’s manufacturing sector fell to its lowest level in more than three years in July in the wake of Britain’s vote to leave the European Union, a survey showed on Tuesday.

The Investec Manufacturing Purchasing Managers’ Index fell to 50.2 in July from 53.0 in June, leaving it fractionally above the 50 mark that separates expansion from contraction.

It was the slowest pace recorded in the 38 consecutive months of growth since May 2013.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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