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Manufacturing growth in Ireland at two-year high

By Colm Kelpie

The pace of growth in the Irish manufacturing sector rose to a near two-year high last month, thanks to rising orders and improving economic conditions.

New business rose at a faster pace, and while new export orders slowed, the rate of growth still remained substantial, according to the latest Purchasing Managers Index for the sector.

Philip O'Sullivan, economist with specialist bank Investec, which produced the data, said further strong figures were anticipated over coming months.

He said: "Last month we outlined our belief that the outlook for Irish manufacturing firms remains positive, supported by the improving international backdrop."

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