Ireland's manufacturing PMI climbed to 52.1 in October.
Here are the key points from Markit:
- Output and new orders rise at faster rates
- Cost inflation remains strong
- Eighth successive increase in employment
From Patrick O'Sullivan of NCB Stockbrokers:
“On closer examination of the data we note that New Orders (52.7) are in positive territory for a ninth month running, with survey respondents citing support from new product launches and stronger demand from export markets during October. The strength in New Orders is presumably a key factor behind the improvement in Employment (51.9), which has grown for eight consecutive months now. There was a welcome pick-up in New Export Orders (51.8), which returned to growth after falling into negative territory for the first time in seven months in September."
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