Ireland’s manufacturing activity continued to expand strongly in February, though at the weakest pace in four months, survey data from IHS Markit showed Thursday.
The seasonally adjusted Investec Purchasing Managers’ Index, or PMI, dropped to 56.2 in February from 57.6 in January. However, any reading above 50 indicates expansion in the sector.
Among components, both output and new orders grew at slower rates in February.
Employment rose sharply again as manufacturers attempted to alleviate some capacity pressure.
Meanwhile, suppliers’ delivery times lengthened to the second-greatest extent in the survey’s history.
On the price front, the rate of input cost inflation remained sharp and output prices increased at the fastest pace since last October.