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