The AIB Ireland Manufacturing PMI jumped to 57.1 in March 2021 from 52.0 a month earlier, pointing to the highest reading in three months and the third-largest on record. The latest figure was also broadly comparable with the peaks set during the past three years and well above the long-run trend level of 51.8, as output, new orders, and exports all rose solidly and for the first time since the end of 2020. Also, employment grew the most in 2-1/2 years, rising for the sixth month running; while purchases on inputs increased at their strongest pace since March 2019. That said, severe supply chain pressures led to increased inflationary pressures, with both input and output prices rising at their fastest pace in ten years. At the same time, new order inflows and supply chain problems generated rising backlogs of work. Finally, sentiment strengthened to its highest since May 2019, amid hopes that COVID-19 vaccine rollouts will bring an easing of lockdown restrictions. source: Markit Economics
Manufacturing PMI in Ireland averaged 53.06 points from 2011 until 2021, 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 April 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.