Ireland Manufacturing PMI2011-2021 Data | 2022-2023 Forecast | Calendar

The AIB Ireland Manufacturing PMI fell to a four-month low of 62.8 in August 2021 from 63.3 a month earlier and May's all-time high of 64.1. Rates of growth in output, new orders, exports, and purchasing all slowed but remained among the highest ever recorded. At the same time, backlogs increased at a record pace, in a further sign that supply bottlenecks had constrained output. Moreover, stocks of unused inputs were accumulated at a record rate as firms reported shortages of key components. Suppliers' delivery times continued to lengthen to a near-record degree. On the cost side, input price inflation eased further from June's near-record high to a six-month low, but was still among the strongest ever recorded. Output prices rose at the third-fastest pace on record, behind only those registered in June and July. Finally, sentiment remained strongly positive, despite easing since July.

The AIB Ireland Manufacturing PMI fell to a three-month low of 63.3 in July 2021 from 64.0 a month earlier and May's all-time high of 64.1. Still, the latest figure signaled a rapid improvement in the sector at the start of H2 and stronger growth than in any preceding period since the survey began in 1998, as COVID-19 restrictions were lifted. New order growth hit a new record high for the third month running, leading to unprecedented increases in both purchasing and backlogs of work. Output rose rapidly but was partly constrained by ongoing supply shortages. Meantime, the sector continued to add to the size of its workforce, with employment rising for the tenth month running. On the cost side, price pressures remained severe, and output price inflation accelerated to a new survey record pace. Finally, sentiment strengthened following June's brief dip

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.

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.