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.