Irish manufacturing conditions deteriorated at the fastest pace since April 2013 during July, according to research published today.
The AIB Ireland Manufacturing Purchasing Managers' Index (PMI) posted 48.7 in July, down from 49.8 in June, amid the sharpest contraction in output in over six years.
The results show export sales declined at the fastest rate since August 2009 and stocks of finished goods among Irish manufacturers increased for the second month in a row.
Confidence towards year-ahead output, meanwhile, fell to a three-year low.
"The July PMI survey provides further evidence that the significant slowdown in global manufacturing is impacting activity in the Irish economy," AIB Chief Economist Oliver Mangan said.
"The details of the report indicate that the weakness was quite broad-based across the various components
of the survey.
"The output index declined for the second time in the past three months, with the pace of contraction the fastest pace in over six years," he added.