The AIB Ireland Manufacturing PMI jumped to 57.5 in July of 2020 from 51 a month earlier. The latest reading pointed to the strongest expansion in factory activity since August of 2018 as output rose at the fastest pace since December of 1999 while new order growth was the strongest since December of 2017. In addition, employment, purchasing and backlogs also rose since June. On the price front, cost burdens rose for the first time in five months.
Manufacturing PMI in Ireland averaged 53.08 points from 2011 until 2020, 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 August of 2020. source: Markit Economics
Manufacturing PMI in Ireland is expected to be 52.00 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 52.60 in 12 months time. In the long-term, the Ireland Manufacturing PMI is projected to trend around 52.70 points in 2021 and 53.80 points in 2022, according to our econometric models.