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.