Tuesday 25 July 2017

Manufacturing shrinks in July for first time in 10 months

Manufacturing: Signs of recovery. Photo: Thinkstock
Manufacturing: Signs of recovery. Photo: Thinkstock

Independent.ie reporters

Manufacturing activity fell in July for the first time since September last year, the results of a new survey show.

The NCB Purchasing Managers’ Index stood at 48.2, down from 49.8 in June – only figures above 50 show growth in the sector.



While exports showed a little growth, the new orders part of the index recorded 47.9, a bigger fall than June's 48.7.



Costs like oil and commodity prices are hitting firms hard and similar surveys from the US and China show the same trends.

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