The AIB Ireland Manufacturing PMI rose to a five-month high of 57.2 in December 2020 from 52.2 a month earlier. The latest reading signaled a sixth month-on-month improvement in the sector in the past seven months, and took the headline figure to the third-largest on record since the survey began, amid the end of the Brexit transition. New orders and output both rose at the fastest rates since July's post-lockdown bounce, and purchasing accelerated as firms sought to expand inventories to guard against a potential hard Brexit. Suppliers' delivery times lengthened to one of the greatest extents in the survey history. As for prices, shortages of materials and rising demand contributed to another round of input cost inflation, while output prices rose for the third consecutive month and at a rate that remained above the long-run series average. Finally, sentiment eased slightly, reflecting uncertainty surrounding a UK-EU trade deal, but was still the second-highest for ten months. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.05 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 January of 2021.
Manufacturing PMI in Ireland is expected to be 51.10 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.