Thursday, May 22, 2014

22/5/2014: Happy Times Roll: Irish Manufacturing Producer Prices

Deflation keeps hammering Irish Manufacturing sector:

Per CSO: year on year, factory gate prices fell 2.7% in April 2014, compared with a decrease of 3.1% in the year to March 2014, including

  • a decrease of 3.1% in the price index for export sales (subject to potential effects of currency fluctuations) and 
  • a decrease of 0.6% in respect of the price index for home sales.

Nothing to worry about, folks, this economy is gaining strength and momentum all of the time... PMIs booming and producers confidence is rising (if you ask IBEC).
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