The AIB Ireland Manufacturing PMI jumped to a record high of 60.8 in April 2021 from 57.1 in March. Output rose for the second month running and at the fastest rate in nine months, and new orders grew the most since July 2020. New export orders followed a similar trend, with the second-sharpest increase since February 2018, on improving demand from UK, US, and Asia. Also, firms added to workforces at the fastest rate since December 2017 while backlogs of work rose at the second-fastest rate on record. Meantime, input buying went up the most in over two years, leading to higher input stocks for the first time since the stockpiling seen at the turn of the year. Supply chains remained under severe pressure, however, with average lead times lengthening to one of the greatest degrees on record. Prices data showed input price inflation reaching the second-highest rate ever and firms hiked their prices at a series record pace. Finally, sentiment hit a record high on smooth vaccinations. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.13 points from 2011 until 2021, reaching an all time high of 60.80 points in April 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 May of 2021.
Manufacturing PMI in Ireland is expected to be 52.60 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 52.70 in 12 months time. In the long-term, the Ireland Manufacturing PMI is projected to trend around 53.80 points in 2022, according to our econometric models.