The AIB Ireland Manufacturing PMI dropped to 48.7 in November 2022 from 51.4 in October, signalling the first contraction in the sector since May 2020. New business declined for the sixth consecutive month, the longest sequence of contraction in over 13 years. Moreover, the rate of decline in the latest period was the fastest since August 2009, when excluding the pandemic period. Also, output declined the most since August 2009 when excluding the pandemic. Meanwhile employment declined for the first time in over two years, with backlogs of work declining at the fastest rate since June 2020. On the price front, input price inflation eased to a 21-month low, due to a faster rise in energy and raw material prices, while output cost inflation slowed to a 20-month low, but remained at a higher level than in any period prior to April 2021. Finally, sentiment remained positive, but was the joint-lowest in over two years and among the weakest on record, amid fears of a recession mount. source: Markit Economics

Manufacturing PMI in Ireland averaged 53.77 points from 2011 until 2022, reaching an all time high of 64.10 points in May of 2021 and a record low of 36.00 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 December of 2022.

Manufacturing PMI in Ireland is expected to be 53.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Manufacturing PMI is projected to trend around 53.60 points in 2023, according to our econometric models.

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Ireland Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 50.80 53.20 points Nov 2022
Manufacturing PMI 48.70 51.40 points Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.70 51.40 64.10 36.00 2011 - 2022 points Monthly
SA

News Stream
Irish Manufacturing Shrinks for 1st Time in 2-1/2 Years
The AIB Ireland Manufacturing PMI dropped to 48.7 in November 2022 from 51.4 in October, signalling the first contraction in the sector since May 2020. New business declined for the sixth consecutive month, the longest sequence of contraction in over 13 years. Moreover, the rate of decline in the latest period was the fastest since August 2009, when excluding the pandemic period. Also, output declined the most since August 2009 when excluding the pandemic. Meanwhile employment declined for the first time in over two years, with backlogs of work declining at the fastest rate since June 2020. On the price front, input price inflation eased to a 21-month low, due to a faster rise in energy and raw material prices, while output cost inflation slowed to a 20-month low, but remained at a higher level than in any period prior to April 2021. Finally, sentiment remained positive, but was the joint-lowest in over two years and among the weakest on record, amid fears of a recession mount.
2022-12-01
Ireland Manufacturing PMI Eases in October
The AIB Ireland Manufacturing PMI fell slightly to 51.4 in October 2022 from 51.5 in September, indicating the 25th straight month of growth in the manufacturing sector, but remaining below its long-run trend level of 52.3 since 1998. The positive PMI print reflected 4 of its 5 components, with output, employment and stocks of purchases all expanding during the months, while suppliers’ delivery times lengthened further. Meanwhile, new orders, which accounts for 30% of the PMI, fell for the 5th straight month as high inflation deterred customers from doing new business and as international demand remained weak. Turning to prices, input price inflation remained historically strong in October but eased to a 20-month low, while output price inflation increased to a 3-month high. The 12-month outlook among Irish manufacturers improved to a 7-month high in October amid positive expectations to export forecasts and hopes that the current downturn in demand will prove temporary.
2022-11-01
Irish Manufacturing PMI Rises for 1st Time in 6 Months
The AIB Ireland Manufacturing PMI increased to 51.5 in September 2022 from August's 22-month low of 51.1, indicating a twenty-fourth successive month of growth. The PMI climbed for the first time since March, amid easing supply chain restrictions, but remained below its long-run average of 52.3. Employment grew the most in three months, while output shrank at a softer rate. At the same time, new orders dropped for the fourth month in a row, and the rate of decline was the fastest since January 2021; new export orders also fell for the fourth month running; and buying levels shrank for the second straight month. Meanwhile, lead times lengthened to the smallest degree since November 2020. On inflation, input prices rose the least in 19 months, while output cost inflation was little-changed. Finally, sentiment rose slightly, remaining near a two-year low, weighed down by high inflation and fears of recession.
2022-10-03