RTÉ Business: Manufacturing fell back in December
Submitted by daltonr on Mon, 01/04/2010 - 09:37
Monday, 4 January 2010 08:25
New figures show that activity in the manufacturing sector continued to fall in December despite a rise in new orders.
The NCB Purchasing Managers' Index, compiled by research group Markit, recorded 48.8 last month, unchanged from November. Any figure below 50 means activity was weaker, and this has been the case for just over two years.
Employment levels fell for the 25th month in a row, though the figure of 45.4 was the best since May 2008.