Manufacturing sees solid growth but rising costs puts pressure on margins
Chief economist at AIB David McNamara said output 'rose at an accelerated pace in July', with respondents citing a 'boost to production volumes from stronger demand'.
Irish manufacturing saw a solid increase in production during July, but higher transportation bills and a general increase in raw material prices put pressure on margins, the latest AIB Purchasing Managers’ Index (PMI) shows.
During July, the index reading stood at 53.2 — easing slightly from 53.7 in June. The PMI is a single-figure indicator of manufacturing performance derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.
