Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

And Now The Irish Economy Is Starting To Wilt Again...

Joe WeisenthalApr 2, 2013, 13:15 IST

Earlier we posted on the ugly contraction seen in Spanish PMI.

But they're not alone this morning.

Ireland has come out with an ugly number as well.

Remember, Ireland has been one of the standout stories for Europe. It has done the best job getting its borrowing costs down, and regaining market confidence. And its economy has done well.

But now it's wilting.

For March, its PMI fell from 51.5 to 48.6, a sign of a severe quick downturn.

Here's the general story, from Markit: