Market comment - Irish manufacturing PMI rises to record high of 60.8 in April

Davy Research
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This morning’s Irish manufacturing PMI reading of 60.8 in April, a record high, shows the sector isn’t being left behind by the global recovery. As in yesterday’s euro area survey, output prices rose at the fastest pace on record, reflecting global shortages of raw materials and supply constraints. The only fly in the ointment for Ireland is that Brexit has exacerbated these cost pressures.