Ireland’s manufacturing sector bounced back last month with improvements in orders, output, and new jobs. New orders rose for the third time in four months in January and at the fastest rate since last April. The volume of inputs ordered posted the first meaningful rise since last April, although the rate growth was slower than that for new work. Furthermore, firms believe that the prospects for the coming year are also improving,” said AIB chief economist Oliver Mangan. However, he noted that difficult EU-UK trade talks this year could test this greater optimism, “as may the continuing subdued growth prospects for the global economy”.

Source: The Irish Times February 03, 2020 04:52 UTC