AIB Ireland Manufacturing PMI® data indicated a deeper deterioration in operating conditions across the Irish manufacturing sector in June. The downturn was the most severe in nearly a year as underlying demand trends continued to worsen and thereby resulted in sharper contractions in new factory orders and production. Moreover, while growth in employment was reported in June, the rate of job creation lost pace since May to signal only a fractional uptick in staffing levels. Inflationary pressures meanwhile picked up.