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23/10/2021

Intel chips in to help Irish industrial output jump again last month

Intel
Top firms such as computer chip giant Intel in Co Kildare helped a surge in manufacturing for last month. Monitoring experts Markit said that the Investec Purchasing Managers’ Index (PMI) signalled a further strengthening of business conditions across the country during August. Manufacturing in Ireland is dominated by American-owned firms such as Intel in Leixlip where a staggering 2,800 Intel employees and about 1,200 contractors work. Total output from factories in the country has now increased in each of the past 27 months. The weakness of the euro against sterling had led some imports to increase in price but lower costs for items like food, plastics and steel. However Markit said that August's PMI level of 53.6, down from 56.7 in July pointed to the weakest improvement in operating conditions since February 2014

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