The AIB Ireland Manufacturing PMI dropped to a 15-month low of 56.4 in May 2022 from 59.1 in the prior month. The downwards movement was primarily due to slower rates of increase in new orders and output, alongside a weaker lengthening of delivery times. Meantime, the rate of job creation was the fourth-quickest on record. At the same time, buying level went up the least in 15 months, with inventories of purchases rising the most in for months. Meantime, supply delays continued, amid material shortages, customs checks, the war in Ukraine and Brexit. Turning to prices, the rate of cost inflation re-accelerated, edging closer to March’s peak. In response, firms again raised their factory gate charges in an attempt to pass greater cost burdens on to clients with the pace of increase in average charges hit a series record for the third month in a row. Finally, sentiment weakened to a 19-month low, reflecting steep inflationary pressures. source: Markit Economics

Manufacturing PMI in Ireland averaged 53.89 points from 2011 until 2022, 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 June of 2022.

Manufacturing PMI in Ireland is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Manufacturing PMI is projected to trend around 53.60 points in 2023, according to our econometric models.

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Ireland Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 60.20 61.70 points May 2022
Manufacturing PMI 56.40 59.10 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
56.40 59.10 64.10 36.00 2011 - 2022 points Monthly
SA

News Stream
Ireland Manufacturing PMI Down to 15-Month Low
The AIB Ireland Manufacturing PMI dropped to a 15-month low of 56.4 in May 2022 from 59.1 in the prior month. The downwards movement was primarily due to slower rates of increase in new orders and output, alongside a weaker lengthening of delivery times. Also, buying level went up the least in 15 months, but the rate of increase stayed solid. Meantime, the rate of job creation was the fourth-quickest on record. Meanwhile supply delays continued, amid material shortages, customs checks, the war in Ukraine and Brexit. Turning to prices, the rate of cost inflation re-accelerated, edging closer to March’s peak. In response, firms again raised their factory gate charges in an attempt to pass greater cost burdens on to clients with the pace of increase in average charges hit a series record for the third month in a row. Finally, sentiment weakened to a 19-month low, reflecting steep inflationary pressures.
2022-06-01
Ireland Manufacturing Growth Eases in April
The AIB Ireland Manufacturing PMI eased slightly to 59.1 in April 2022 from 59.4 in the prior month, but signalling another strong improvement in the sector which was among the highest in the 24-year survey history. New order growth eased, and output expanded for the fourth straight month, despite the rate of increase eased since March but remained much stronger than the long-run survey average. Also, export orders rose the least so far.this year. Meantime, the job of creation accelerated to a tenth-month high and was the fifth-strongest since the survey began in 1998, with backlogs of works rising further. Delivery times continued to lengthen, on raw material, labor shortages, and ongoing COVID-19 related transport problems.Meanwhile, input and output prices slowed from March's peak but was still the third-fastest on record, boosted by energy prices. Finally, business confidence weakened to a 16-month low, amid uncertainty surrounding inflation and the situation in eastern Europe.
2022-05-03
Ireland Manufacturing Growth Accelerates in March
The AIB Ireland Manufacturing PMI increased to 59.4 in March 2022 from 57.8 in the previous month, which was the weakest expansion in 11 months. Output growth accelerated to a three-month high, while new orders increased at the fastest rate since last August, with the pace of growth was among the highest on record. Meantime, new export order growth moderated, as some firms reported increased caution among international customers. At the same time, employment rose at the strongest rate in seven months, boosting production capacity, with backlogs of unfinished work continued to rise. Suppliers' delivery times continued to lengthen markedly, albeit to the weakest extent since December 2020. Meanwhile, input and output prices increased at the record rates, with costs boosted by raw materials, energy, fuel, and transport charges and general market volatility and uncertainty, due to the war in Ukraine. Finally, business confidence remained positive.
2022-04-01