Ireland Manufacturing PMI

Last Release

Jul 31, 2024

Actual

50.1

Units In

Points

47.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
64.1 May 2021	36 Apr 2020	53.17 Points	2011-2024	Markit Economics

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.

Latest Updates

The AIB Ireland Manufacturing PMI rose to 51.5 in October 2024 from 49.4 in September, marking the fastest expansion in factory activity since February due to renewed increases in output and new orders. Although modest, the rise in new orders was the strongest in nearly two and a half years, despite foreign demand remaining subdued. As a result, purchasing activity increased to the fastest growth since May 2022, while employment continued to decline and backlogs of work grew for the first time in two and a half years. Meanwhile, delivery times lengthened for the second consecutive month, reaching their highest level in 23 months. On the pricing front, input cost inflation eased to a four-month low, while output cost inflation slowed slightly but remained the second-highest since April 2023. Finally, business sentiment improved to its highest level in 2024, supported by more favorable market conditions and hopes for a sustained improvement in the broader economy.