Ireland skyline

Ireland PMI September 2022

Ireland: Manufacturing PMI improves in September

The AIB Manufacturing Purchasing Managers’ Index (PMI) came in at 51.5 in September, up from August’s 51.1. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in manufacturing sector operating conditions compared to the previous month. That said, the rate of growth was the second-weakest since October 2020 and remained below the long-run average of 52.3.

The PMI rose in September as firms continued to clear backlogs, leading to output falling less sharply than it did last month. In addition, employment growth rose to a three-month high. Less positively, new orders fell at the fastest rate since January 2021, at which point Ireland was embroiled in its third Covid-19 wave; input purchases also fell as a result. Demand was depressed by the growing prospect of an economic slowdown at home and abroad, as well as by high prices. Although input inflation fell to a 19-month low, output inflation remained little-changed from August and remained higher than in any month prior to July 2021. These headwinds fed in to a glum outlook for production ahead: Business sentiment remained near a two-year low despite improving slightly, while the ratio of new orders to inventories fell to its lowest level since May 2020.

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