The AIB Ireland Manufacturing PMI was at 64.0 in June 2021, little changed from May's all-time high of 64.1, and signaled another rapid improvement in the sector. Output rose at a near-record pace, driven by rebounding demand, with record growth in new orders as businesses re-open. As a result, backlogs of unfilled orders also rose at a near-record pace. Meanwhile, employment gained for the ninth month running, growing at the third-fastest rate on record. Supply chains, though, remain under severe pressure due to Brexit-related customs checks, transport delays, and raw materials shortages. These factors, combined with strengthening demand, saw further strong upward pressure on both input and output prices, with rises becoming more broad-based. Finally, sentiment remained upbeat despite the figure eased from May on concerns that the current rebound in demand would not be sustained to mid-2022. source: Markit Economics

Manufacturing PMI in Ireland averaged 53.32 points from 2011 until 2021, reaching an all time high of 64.10 points in May of 2021 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 July of 2021.

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 52.70 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.

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Ireland Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
64.00 64.10 64.10 36.00 2011 - 2021 points Monthly
SA


News Stream
Irish Manufacturing Sustains Strong Growth
The AIB Ireland Manufacturing PMI was at 64.0 in June 2021, little changed from May's all-time high of 64.1, and signaled another rapid improvement in the sector. Output rose at a near-record pace, driven by rebounding demand, with record growth in new orders as businesses re-open. As a result, backlogs of unfilled orders also rose at a near-record pace. Meanwhile, employment gained for the ninth month running, growing at the third-fastest rate on record. Supply chains, though, remain under severe pressure due to Brexit-related customs checks, transport delays, and raw materials shortages. These factors, combined with strengthening demand, saw further strong upward pressure on both input and output prices, with rises becoming more broad-based. Finally, sentiment remained upbeat despite the figure eased from May on concerns that the current rebound in demand would not be sustained to mid-2022.
2021-07-01
Ireland Manufacturing PMI Hits New Peak in May
The AIB Ireland Manufacturing PMI jumped to a fresh record high of 64.1 in May 2021 from 60.8 in April, as the economy re-opened following the easing of COVID-19 restrictions. Output rose at a record pace, driven by rebounding demand, with record growth in new orders both domestically and in overseas markets. As a result, backlogs of unfilled orders also rose at a record pace, while inventories of finished goods fell. Meanwhile, employment went up for the eight month running, growing at the second-fastest rate on record. Supply chains remain under severe pressure, with most of firms reporting even longer delivery times than in April, due to new UK Customs arrangements, transport delays in shipping, and raw materials shortages. On the cost front, input prices increased at their fastest pace in ten years, while output prices rose at a series-record pace. Finally, sentiment remained upbeat, with the 12-month outlook for output staying close to the record high hit in April.
2021-06-01
Ireland Manufacturing PMI Hits Record High
The AIB Ireland Manufacturing PMI jumped to a record high of 60.8 in April 2021 from 57.1 in March. Output rose for the second month running and at the fastest rate in nine months, and new orders grew the most since July 2020. New export orders followed a similar trend, with the second-sharpest increase since February 2018, on improving demand from UK, US, and Asia. Also, firms added to workforces at the fastest rate since December 2017 while backlogs of work rose at the second-fastest rate on record. Meantime, input buying went up the most in over two years, leading to higher input stocks for the first time since the stockpiling seen at the turn of the year. Supply chains remained under severe pressure, however, with average lead times lengthening to one of the greatest degrees on record. Prices data showed input price inflation reaching the second-highest rate ever and firms hiked their prices at a series record pace. Finally, sentiment hit a record high on smooth vaccinations.
2021-05-04
Irish Manufacturing Growth Rebounds
The AIB Ireland Manufacturing PMI jumped to 57.1 in March 2021 from 52.0 a month earlier, pointing to the highest reading in three months and the third-largest on record. The latest figure was also broadly comparable with the peaks set during the past three years and well above the long-run trend level of 51.8, as output, new orders, and exports all rose solidly and for the first time since the end of 2020. Also, employment grew the most in 2-1/2 years, rising for the sixth month running; while purchases on inputs increased at their strongest pace since March 2019. That said, severe supply chain pressures led to increased inflationary pressures, with both input and output prices rising at their fastest pace in ten years. At the same time, new order inflows and supply chain problems generated rising backlogs of work. Finally, sentiment strengthened to its highest since May 2019, amid hopes that COVID-19 vaccine rollouts will bring an easing of lockdown restrictions.
2021-04-01

Ireland Manufacturing PMI
The AIB Ireland Manufacturing PMI Ireland measures the performance of the manufacturing sector and is derived from a survey of 258 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.