The AIB Ireland Manufacturing PMI declined to a three-month low of 51.8 in January 2021 from 57.2 a month earlier. The latest reading signaled an improvement in the sector in the past eight months, but the smallest expansion since October last year, as impacted the new lockdown measures and UK trading arrangement. Output and new orders both fell the most since May 2020, reversing the strong growth seen in December. Backlogs of work also declined, underlining the overall weakness of market conditions. Suppliers' delivery times lengthened to the second-greatest degree on record and cost pressures intensified. At the same time, employment increased slightly. On the price front, input prices rose the most since November 2018, while output price inflation hit a 22-month high. Finally, sentiment was strongest since May 2019, due to the positive forecasts to the release of pent-up demand in the second half of 2021 as vaccine roll-outs lessened the economic disruption from coronavirus. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.03 points from 2011 until 2021, reaching an all time high of 59.10 points in December of 2017 and a record low of 36 points in April of 2020. This page provides the latest reported value for - Ireland Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Manufacturing PMI in Ireland is expected to be 51.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Ireland to stand at 52.70 in 12 months time. In the long-term, the Ireland Manufacturing PMI is projected to trend around 53.80 points in 2022, according to our econometric models.