Irish Economy Watch - May 2024
by AIB Treasury's Economic Research Unit
- Manufacturing PMI fell to 47.6 in April, reflecting declines in new business and output.
- The services PMI eased to 53.3 in April, indicating a slowdown in the pace of expansion in the sector.
- Retail sales rose by 2.2% in Q1. New car sales up 6% YTD in April.
- Housing commencements rocketed higher in April. 12 month running total at 53k.
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