Irish manufacturing activity recovered slightly after suffering its sharpest monthly decline on record in April but still contracted rapidly in May as the economy began to slowly emerge from a coronavirus lockdown, a survey showed on Tuesday.
Ireland partially eased stay-at-home restrictions two weeks ago that had been rolled out from mid-March and had shut all but non-essential operators like supermarkets and petrol stations in what had been Europe’s fastest-growing economy.
Government data suggests the unemployment rate has levelled off and the AIB IHS Markit manufacturing Purchasing Managers’ Index also showed factories may be over the worst of the sudden downturn, rising to 39.2 from 36.0 in April. The output, new orders and exports sub-indexes rose from record lows but still recorded their second-lowest mark in the survey’s 22-year history. The future output index rose back above 50.0, however, as marginally more firms predicted growth than contraction in a year’s time.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Japan's May factory activity sinks as pandemic lockdowns hit demand: PMIJapan's factory activity shrank at the fastest pace since March 2009 in May, a private sector survey showed on Monday, as manufacturers widely struggled with the demand blow from the coronavirus pandemic.
Weiterlesen »
China's May factory activity returns to growth but demand remains weak: Caixin PMIChina's factory activity unexpectedly returned to growth in May as strict measures to contain the coronavirus outbreak were eased, but the improvement was marginal as export orders continued to shrink, a private business survey showed on Monday.
Weiterlesen »
Russia Approves Flu Drug’s Use Against Covid-19Russia’s Ministry of Health on Saturday approved a flu drug for use in fighting coronavirus after officials said preliminary testing showed hospitalized patients who took the pills recovered more quickly.
Weiterlesen »
Return to the Road Drives Oil Price to Largest Ever Monthly GainU.S. oil prices notched their largest monthly gains on record in May, recovering a big chunk of the losses caused in March and April by the coronavirus.
Weiterlesen »
India's coronavirus infections overtake France amid criticism of lockdownIndia's cases of coronavirus pass 190,000, overtaking France to become seventh highest in the world.
Weiterlesen »