The growth rate of manufacturing activity in Ireland was the slowest in 7 months

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The growth rate of manufacturing activity in Ireland in October was the slowest in 7 months, finversia.ru writes. According to a survey conducted by IHS Markit, the purchasing managers index for the Irish manufacturing industry dropped to 54.9 points from 56.3 points in the previous month, reflecting the weakest increase in the last seven months. Production growth in October is observed for the 27th consecutive month. The growth rate of new orders continued to decline for the second month in a row. Against the background of rising oil prices, which increased costs, Irish producers raised selling prices in October to a 5-month high.

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