Ireland PMI

Ireland

Ireland: Manufacturing PMI closes 2014 on a strong note

January 2, 2015

The Investec manufacturing Purchasing Managers’ Index (PMI) ticked up from 56.2 in November to 56.9 in December. The index remains comfortably above the 50-threshold that indicates expansion in the manufacturing sector.

December’s print was driven by ongoing substantial rises in output, new orders, and employment. Manufacturing output was the highest since August and new orders were boosted to the strongest level in three months by strong external demand. New export orders expanded the most since March 2010. The strong pace of employment gains among manufacturers continued in December amid high demand and positive growth expectations.

According to the survey report, “the strong finish to 2014 is particularly welcome given the recent rise in global concerns. We expect 2015 to be another year of progress for the manufacturing sector, but with the international backdrop looking like it will get worse before it gets better, conditions may not prove to be as favourable as they were in 2014.”

According to its Q3 Quarterly Bulletin, the Central Bank expects GDP to grow 3.4% in 2015. FocusEconomics Consensus Forecast panelists expect the economy to grow 3.6% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel sees economic growth accelerating to 3.4%.


Author:, Economist

Sample Report

Looking for forecasts related to PMI in Ireland? Download a sample report now.

Download

Ireland PMI Chart


Ireland Manufacturing PMI December 2014

Note: Investec Manufacturing PMI. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: Investec and Markit.


Ireland Economic News

More news

Search form