The AIB Ireland Manufacturing PMI edged higher to 50.3 in October 2020 from 50.0 in September, amid a slight rise in employment. Meantime, output was broadly stable after September's renewed fall, while new orders fell for the second month running following a rebound over the summer. Firms cut purchasing activity at a faster rate as they continued to deplete inventories. At the same time, suppliers' delivery times lengthened markedly, despite the reduction in demand for manufacturing inputs. On the price front, input costs rose for the fourth month running, but at the weakest rate in this sequence. Moreover, firms raised their own prices for only the second time in the past eight months. Looking ahead, business sentiment was the weakest since May. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.01 points from 2011 until 2020, reaching an all time high of 59.10 points in December of 2017 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 November of 2020.
Manufacturing PMI in Ireland is expected to be 50.40 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 52.00 in 12 months time. In the long-term, the Ireland Manufacturing PMI is projected to trend around 52.70 points in 2021 and 53.80 points in 2022, according to our econometric models.