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Eurozone stagnates as Ireland steams ahead
France and Italy go backwards, but Ireland a “bright spot” on jobs.
Your contributions will help us continue to deliver the stories that are important to you
France and Italy go backwards, but Ireland a “bright spot” on jobs.
Ireland is bucking the wider European trend with overwhelmingly positive figures for last month.
Growth in the sector has now pushed past the two-year milestone.
The rate has slowed slightly in the past couple of months but remains strong according to an index by Ulster Bank.
Construction activity has now risen for three months in a row – but it’s still very low following the economic crash.
The survey finds that employment stabilised in the Irish construction sector.
That is according to the latest Ulster Bank Construction Purchasing Managers’ Index.
There is a total of 19.071 million people unemployed in the eurozone.
Manufacturing indexes across Europe paint a stark picture this morning.
The manufacturing sector saw its slowest rate of expansion in nine months during January, the latest monthly purchasing managers’ index from NCB showed.
December marked the eighth consecutive month of growth for the industry – although it was at a slower pace.
Of the 17 Eurozone members, only one country saw an increase in manufacturing output in October… and it was us.
This week we’ll hear from Mario Draghi and Barack Obama, as well as finding out more about job creation and manufacturing.
The Purchasing Managers Index watches the performance of services and manufacturing – and shows the eurozone and the US are still deep in recession…