Ireland’s May manufacturing PMI climbed to 51.2 from 50.1 in April.”The most surprising aspect of the report was the fact that employment expanded for the third month in a row (54.4), signifying that more firms expanded employment than cut employment,” wrote economist Brian Devine.
- New business continues to rise
- Output returns to growth
- Rate of job creation accelerates
More from Markit:
Operating conditions at Irish manufacturing firms improved again in May as output returned to growth and the expansion in new business was sustained. Increased workloads encouraged companies to take on extra staff, and the rate of job creation was solid during the month. Meanwhile, cost inflation remained elevated amid rising prices for fuel and other oil-related products.