The manufacturing sector accelerated in September as production grew at its fastest pace since March 2022 and demand remained firm in domestic and overseas markets, a business survey showed today.<\/p>\n
The latest AIB Ireland Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 55.5 in September from 55.4 in August, a survey by S&P Global showed.<\/p>\n
The 50-mark separates growth from contraction.<\/p>\n
“Output rose rapidly in September, increasing to the highest level since March 2022, with respondents citing continued robust order books,” said David McNamara, AIB’s chief economist.<\/p>\n
Production growth was the sharpest since March 2022, and new orders rose for a 21st month in a row. Total new work expanded at a slightly softer rate than August’s 52-month high.<\/p>\n
Export orders increased, with the seasonally adjusted New Export Orders Index reaching its highest level since June. Firms cited stronger business inflows from major developed markets.<\/p>\n
Employment growth was unchanged from August’s seven-month low.<\/p>\n
Purchasing activity increased at its fastest rate since May and backlogs of work accumulated for a third month as stronger order books put pressure on operating capacity.<\/p>\n
But cost pressures intensified, with input price inflation accelerating to its highest since June and output charge inflation hitting a three-month high. Firms linked higher costs to increased energy, fuel and transport prices.<\/p>\n","protected":false},"excerpt":{"rendered":"The manufacturing sector accelerated in September as production grew at its fastest pace since March 2022 and demand…\n","protected":false},"author":2,"featured_media":789461,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-789460","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/789460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=789460"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/789460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/789461"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=789460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=789460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=789460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}