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.

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Ireland Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.80 57.10 60.80 36.00 2011 - 2021 points Monthly
SA


News Stream
Ireland Manufacturing PMI Hits Record High
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.
2021-05-04
Irish Manufacturing Growth Rebounds
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.
2021-04-01
Ireland Manufacturing PMI Edges Up in February
The AIB Ireland Manufacturing PMI inched up to 52 in February 2021 from a three-month low of 51.8 a month earlier. The latest reading signaled an improvement in the sector, but this continued to flatter the performance of the sector in terms of key metrics for new orders and output. On the other hand, employment continued to rise for the fifth month running and at a stronger rate, as firms expected a rebound in workloads later in 2021. Backlogs of work declined modestly, and slower than the trend seen over the past two-and-a-half years. On the price front, input price inflation accelerated to the highest in four years, while output prices rose the most since March 2011. Finally, sentiment remained strong, as companies expect a reduced economic impact from COVID-19, due to hopes vaccines are rolled out and restrictions lifted.
2021-03-01
Ireland Manufacturing PMI Falls to 3-Month Low
The AIB Ireland Manufacturing PMI declined to a three-month low of 51.8 in January 2021 from 57.2 a month earlier. The latest reading signaled an improvement in the sector in the past eight months, but the smallest expansion since October last year, as impacted the new lockdown measures and UK trading arrangement. Output and new orders both fell the most since May 2020, reversing the strong growth seen in December. Backlogs of work also declined, underlining the overall weakness of market conditions. Suppliers' delivery times lengthened to the second-greatest degree on record and cost pressures intensified. At the same time, employment increased slightly. On the price front, input prices rose the most since November 2018, while output price inflation hit a 22-month high. Finally, sentiment was strongest since May 2019, due to the positive forecasts to the release of pent-up demand in the second half of 2021 as vaccine roll-outs lessened the economic disruption from coronavirus.
2021-02-01

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.