Irish manufacturing surge rallies to 18-year maximum

Irish manufacturing surge rallies to 18-year maximum

In November, surge in Ireland's manufacturing sector managed to ascend to an 18-year maximum, as a poll disclosed on Friday, with strong fresh orders at home as well as abroad, thus confounding fears Brexit would provoke a slowdown in the UK’s closest neighbor.

Ireland is generally considered to be the EU country most exposed to the UK’s decision to break up with the currency bloc, although after the muted initial hit of the Brexit vote, Ireland increased its economic surge estimates for 2017 and 2018.

The Investec Purchasing Managers' index showed that firm growth will probably continue, reaching 58.1 in November, which is its highest value since December 1999, versus October’s outcome of 54.4. It has stood above the 50 mark, traditionally separating surge from contraction for more than four years.

The expansion in the new business subindex appeared to be the fastest since 1999 and also one of the steepest in the poll’s history.

Similar

UK CPI

This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera