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Manufacturing growth rate slows in January - PMI

The manufacturing sector saw its slowest rate of expansion in nine months during January, the latest monthly purchasing managers’ index from NCB showed.

THE MANUFACTURING SECTOR continued to grow during the first month of 2013 – but at the slowest rate noted over the previous nine months, according to the latest NCB monthly purchasing managers’ index.

The NCB Republic of Ireland Manufacturing PMI recorded 50.3 in January, just above the figure of 50 which separates expansion from expansion. Conversely, the index stood at 51.4 in December.

Manufacturing output increased slightly but new orders and employment fell marginally during January. The NCB cited a fall in new orders due to weakening client demand.

Data suggested that the increase in production partly reflected the depletion of backlogs of work as new orders decreased. Outstanding business fell for the 23rd successive month, but at a reduced pace.

Total new orders declined for the first time in 12 months – albeit only marginally – the figures show.

Some panellists reported weakening client demand, but others indicated that growth in export markets had supported overall new business.

Suppliers’ delivery times lengthened to the greatest extent in 19 months during January. The marked deterioration in vendor performance was linked by respondents to low stock levels and subsequent capacity constraints at suppliers.

Read: Ireland the only eurozone country to see manufacturing increase in October

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    Mute Niall Carson
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    Aug 30th 2011, 12:24 PM

    Wow this really Is old news. But I’m glad your revisiting it. So all the people who think America is the land of the free can see just what damage they are doing around the globe.

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    Mute vv7k7Z3c
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    Aug 30th 2011, 12:59 PM

    Hi Niall, the reason it is back in the news again is that there is a new report by Obama’s bioethics committee due out next month, which contains new information. We should have even more information once it is released.
    Thanks for reading,
    Aoife

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    Mute Niall Carson
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    Aug 30th 2011, 2:09 PM

    Thanks for that. I’m delighted you guys cover these stories

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    Mute vv7k7Z3c
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    Aug 30th 2011, 3:26 PM

    Good to hear, thanks a million!

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    Mute willy pearse
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    Aug 30th 2011, 12:37 PM

    In case you didn’t realise the US empire are akin to the third reich.

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    Mute Paul O' Callaghan
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    Aug 30th 2011, 12:58 PM

    "To the victor comes the spoils" it’s well known if the US had been defeated in the second world war they would have been up in front of a world court answering to crimes against humanity.And what’s worse is that the continue to carry out these crimes under a new name of " war against terror".

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    Mute Unitedpeople Ireland
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    Aug 30th 2011, 1:32 PM

    Sadly, this type of goings on, is nothing new. The Americans did it to their own soldiers on numerous occasions without the individuals permissions.
    I suspect they have done it too to small groups of populations also.

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    Mute angryzes
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    Aug 30th 2011, 2:26 PM

    But Russia still asked to apologise for Stalin. Go clean up your own skeletons in the wardrobes first!

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    Mute Emmet Galvin
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    Aug 30th 2011, 3:54 PM

    Interesting story Aoife.
    Thanks!

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    Mute Michael O'Neill
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    Aug 30th 2011, 4:39 PM

    Were any of the “scientists” involved in the study people who had relocated to America during Operation Paperclip?

    http://en.wikipedia.org/wiki/Operation_Paperclip

    The experiments are reminiscent of things that were done during WWII.

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