Ireland skyline

Ireland PMI March 2023

Ireland: Composite PMI deteriorates in March

The S&P Global Composite Purchasing Managers’ Index (PMI) fell to 52.8 in March from February’s 54.5. As a result, the index remained above the 50.0 no-change mark, pointing to a continued, albeit moderating, improvement in private sector operating conditions from the previous month.

In March, the manufacturing PMI fell to 49.7 from 51.3 and the services PMI to 55.7 from 58.2. The deterioration in the manufacturing sector came as output and new orders declined. The deterioration in the services sector came as output and new orders rose at a weaker rate. Meanwhile, firms in both sectors continued to add to their labor forces. Business activity was likely knocked by lower consumer confidence. Looking at prices, across both sectors as a whole, input and output inflation fell to the lowest in 25 and 23 months, respectively. Finally, business sentiment was broadly stable in the manufacturing sector but fell in the services sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest