Ireland October NCB Manufacturing PMI: Summary

Markit Economics today released the October NCB Stockbrokers manufacturing purchasing managers’ index for Ireland. The Manufacturing PMI is designed to provide a single figure snap-shot for Irish manufacturing. It is based on a survey of companies in the Republic of Ireland manufacturing sector and is designed to provide the most up-to-date picture of business conditions in the private manufacturing sector. Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change.

                            Oct.  Sept.   Aug.   July   June    May
                            2011   2011   2011   2011   2011   2011
                         ----------- Seasonally Adjusted -----------
PMI                         50.1   47.3   49.7   48.2   49.8   51.8
Note: The PMI series, which includes the U.K. and the Eurozone, is
      one of the most closely watched business surveys in the world.
      It provides up-to-date, accurate and often unique monthly indicators
      of economic trends.

Source: NCB Stockbrokers, Markit Economics
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