The AIB Ireland Manufacturing PMI dropped to a 16-month low of 53.1 in June 2022 from 56.4 in the prior month. Both output and new orders shrank for the first time since February 2021, amid steep inflationary pressures. Also, export sales fell for the first time in 16 months, and at a solid pace that was the fastest since the first wave of the COVID-19 pandemic; and buying levels grew the least in 16 months, with some firms lowering input buying while others continued to buy more amid ongoing supply-chain disruption. Meantime, employment rose further while backlogs were down for the 2nd month in a row, and to the greatest extent since January 2021. Delivery time lengthened substantially, with delays often linked to stock shortages at vendors. On prices, cost input cost inflation was still higher than any seen prior to the pandemic, while output price inflation slowed sharply from the series record in May. Finally, sentiment stayed upbeat, on hopes for improvements in new orders. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.88 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 July of 2022.
Manufacturing PMI in Ireland is expected to be 54.20 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.