The AIB Ireland Manufacturing PMI plunged to 36.0 in April 2020 from 45.1 in March, the lowest since March 2009, as the economic fallout from lockdowns imposed across Europe and the wider world led to a collapse in demand. Output, new orders, exports and purchasing all fell at the fastest rates in the 22-year survey history. Also, the rate of job shedding was the joint-fastest on record, matching the pace recorded in February 2009. Meantime, backlogs of work contracted the most since September 2011, continuing a sequence of depletion that began in September 2018. Price data showed input costs dropping the most since March 2016 amid a plunge in oil prices. Meanwhile, manufacturers cut their charges at the strongest rate since August 2019, in an attempt to bring in revenues. Looking ahead, business sentiment hit a new record low as companies expected a recession in the aftermath of the coronavirus crisis.
Manufacturing PMI in Ireland averaged 53.19 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 May of 2020. source: Markit Economics
Manufacturing PMI in Ireland is expected to be 43.00 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 51.10 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.