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.

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Ireland Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 50.00 59.10 36.00 2011 - 2020 points Monthly
SA


News Stream
Irish Factory Activity Broadly Stable in October
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.
2020-11-02
Irish Manufacturing Sector Stagnates
The AIB Ireland Manufacturing PMI dropped to 50.0 in September 2020 from 52.3 in the previous month, indicating stagnant overall operating conditions in the sector. Output, new orders, and employment all declined. Also, new export orders fell for the first time in four months as global demand weakened amid the ongoing COVID-19 crisis as well as uncertainty about Brexit. Manufacturers reduced their buying activity, resulting in another sharp fall in stocks of raw materials. Meanwhile, suppliers' delivery times lengthened markedly due to shortages at suppliers. On the cost front, input price inflation hit a 17-month high, while output prices fell again. Finally, sentiment moderated to a four-month low.
2020-10-01
Ireland Manufacturing Growth Slows Sharply
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.
2020-09-01
Ireland Manufacturing PMI Rises to Near 2-Year High
The AIB Ireland Manufacturing PMI jumped to 57.5 in July of 2020 from 51 a month earlier. The latest reading pointed to the strongest expansion in factory activity since August of 2018 as output rose at the fastest pace since December of 1999 while new order growth was the strongest since December of 2017. In addition, employment, purchasing and backlogs also rose since June. On the price front, cost burdens rose for the first time in five months.
2020-08-04

Ireland Manufacturing PMI
The AIB Ireland Manufacturing PMI Ireland measures the performance of the manufacturing sector and is derived from a survey of 258 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.