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.
Manufacturing PMI in Ireland averaged 53.04 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 October of 2020. source: Markit Economics
Manufacturing PMI in Ireland is expected to be 52.80 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.