Irish manufacturing growth retreats in August

The growth rate of Ireland's manufacturing sector fell back for the second consecutive month in August, according to the latest…

The growth rate of Ireland's manufacturing sector fell back for the second consecutive month in August, according to the latest NCB Purchasing Managers' Index.

The index recorded a value of 51.3, compared with 53.6 in July.

However, for the seventh consecutive month, it is above the 50 mark, indicating the sector is generally expanding. A reading below 50 would suggest the sector is generally contracting.

The survey showed the rate of increase in production was the slowest since March.