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DUBLIN Will Dissly Elite Jersey , July 3 (Xinhua) -- Ireland's manufacturing sector posted its fastest growth in almost two years in June, according to a
survey published on Monday.


The latest manufacturing purchasing managers' index (PMI), compiled by financial group Investec Rashaad Penny Elite Jersey , rose to a 23-month high of 56 in June from 55.9 in May, its highest level since July 2015.


The survey showed that new orders rose for the 11th month in a row.

The Irish manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 285 industrial companies.


Investec said this improved client demand prompted a second successive rise in backlogs of work, with the rate of accumulation the most marked in the year
to date.


"Today's release provides us with a complete picture of how the manufacturing sector performed over the course of H1 2017 Shaquem Griffin Elite Jersey ," Investec Ireland chief economist Philip O'Sullivan said.


"We note that the implied growth rate quickened over the course of Q2, indicating that the sector exited the period with a strong tailwind behind it,"
he said.


"Given how leveraged Ireland is to international economic developments and the generally improving global backdrop Frank Clark Jersey , we are unsurprised by this," he added.

Economists here say Irish economic growth is set to remain solid in 2017 and 2018.


They say Irish gross domestic product (GDP) is now projected to grow by 3.8 percent in 2017 and 3.6 percent in 2018.


Ireland's economy has been among the best-performing in Europe since the end of the financial crisis. Last year, the economy grew by 5.2 percent.


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Posted 04 May 2019

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