The AIB Ireland Manufacturing PMI dropped to 52.3 in August 2020 from a near two-year high of 57.5 in the prior month. Growth rates for output and new orders eased sharply from July, while new export orders rose for the third straight month but at a much slower rate. At the same time, there were renewed cuts to employment and purchasing. Stocks of purchases fell at the second-fastest rate in nearly nine years, while finished goods inventories declined at the second-strongest pace in nearly 2-1/2 years. Prices data showed input prices increased, with prices charged falling as manufacturers tried to sell off old stock. Finally, sentiment remained positive, but has stalled since an initial rebound at the end of Q2.
Manufacturing PMI in Ireland averaged 53.07 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 September of 2020. source: Markit Economics
Manufacturing PMI in Ireland is expected to be 52.00 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 52.60 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.