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.