Purchasing activity fell, inventory levels were scaled back, and business sentiment remained ‘historically subdued'
Irish manufacturing conditions deteriorated at the sharpest pace for three years last month, according to the latest AIB Manufacturing Purchasers Managers Index.
With sharper falls in output and new orders, Ireland’s manufacturing sector “remained rooted in a downturn” in May. Purchasing activity fell at the strongest pace since June 2020, inventory levels were scaled back, and business sentiment remained “historically subdued”, according to the index.
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