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ECONOMICS COMMENTARY
Jun 18, 2018
Irish economy rebounds following Storm Emma disruption
- Output growth remains strong in May, having rebounded in April
- Marked expansions recorded across all three monitored sectors
- Consumer spending growth also rebounds from March slowdown
Underlying growth in the Irish economy remains strong so far during the second quarter of the year. April and May saw output growth rebound following a weatherrelated slowdown during March. The picture in Ireland contrasts with that seen at the eurozone level, where the rate of expansion has eased markedly since the first quarter of the year.
Andrew Harker, Associate Director at IHS Markit
Tel: +44 1491 461 016
Email: andrew.harker@ihsmarkit.com
Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
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