01/04/2010
Irish Manufacturing Expands
Irish manufacturing expanded in March for the first time in more than two years as the global economic recovery boosted export demand, the Irish Independent has reported.
An index of manufacturing activity increased to 53 from 48.6 in February, NCB Stockbrokers said in a monthly report today.
Any reading above 50 indicates expansion. The latest figures represent the first time in 28 months that the reading has passed this threshold.
An index of new orders rose to 56.2 from 48.2, the highest since September 2007.
The gauge of export orders jumped to a record 61.9 from 56.8. Still, employment in manufacturing continued to fall, NCB said.
"The most encouraging thing about this month’s survey was that panelists indicated that demand had strengthened in domestic as well as foreign markets," said NCB economist Brian Devine.
There is evidence that the Irish domestic market may also have bottomed, according to Mr Devine.
(NS/GK)
An index of manufacturing activity increased to 53 from 48.6 in February, NCB Stockbrokers said in a monthly report today.
Any reading above 50 indicates expansion. The latest figures represent the first time in 28 months that the reading has passed this threshold.
An index of new orders rose to 56.2 from 48.2, the highest since September 2007.
The gauge of export orders jumped to a record 61.9 from 56.8. Still, employment in manufacturing continued to fall, NCB said.
"The most encouraging thing about this month’s survey was that panelists indicated that demand had strengthened in domestic as well as foreign markets," said NCB economist Brian Devine.
There is evidence that the Irish domestic market may also have bottomed, according to Mr Devine.
(NS/GK)
Related Irish News Stories
Click here for the latest headlines.
22 February 2013
200 Jobs To Go At Medical Device Company
Some 200 staff are to let go by medical devices company Abbott, who have said “favourable” redundancy packages will be offered to the staff at their main Irish manufacturing plant. Staff in Clonmel, Co Tipperary, were informed by management informed yesterday evening that they was seeking voluntary redundancies.
200 Jobs To Go At Medical Device Company
Some 200 staff are to let go by medical devices company Abbott, who have said “favourable” redundancy packages will be offered to the staff at their main Irish manufacturing plant. Staff in Clonmel, Co Tipperary, were informed by management informed yesterday evening that they was seeking voluntary redundancies.
04 December 2013
Pfizer Announces 150 Job Losses
Fianna Fáil Spokesperson on Jobs Dara Calleary has raised concerns that the government is sleepwalking through an emerging crisis in the healthcare manufacturing sector after three major employers announced job cuts in less than a week.
Pfizer Announces 150 Job Losses
Fianna Fáil Spokesperson on Jobs Dara Calleary has raised concerns that the government is sleepwalking through an emerging crisis in the healthcare manufacturing sector after three major employers announced job cuts in less than a week.
26 February 2024
Exploring The Rise Of The Latest Irish Online Casinos
Today, online casinos are more popular than ever. They have attracted players from all over the world and the country of Ireland is no exception.
Exploring The Rise Of The Latest Irish Online Casinos
Today, online casinos are more popular than ever. They have attracted players from all over the world and the country of Ireland is no exception.
16 May 2008
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
26 March 2024
New Manifesto To Transform NI's Credit Union Network
The Irish League of Credit Unions (ILCU) has launched a new policy manifesto to support the Northern Ireland Assembly in bringing about essential changes and recognising the essential role of credit unions within communities and the wider economy.
New Manifesto To Transform NI's Credit Union Network
The Irish League of Credit Unions (ILCU) has launched a new policy manifesto to support the Northern Ireland Assembly in bringing about essential changes and recognising the essential role of credit unions within communities and the wider economy.