Ireland PMI September 2017


Ireland: Manufacturing PMI drops in September

October 2, 2017

The Investec manufacturing Purchasing Managers’ Index (PMI) edged down from an over two-year high of 56.1 in August to 55.4 in September. Despite the drop, the indicator remains comfortably above the 50 threshold that separates expansion from contraction in the manufacturing sector, where it has been for over four years.

September’s print reflects slower expansions in output and employment. Staffing among manufacturing firms rose, but at the slowest rate since September 2016. As employment growth slowed and growth in new orders quickened, backlogs of work accumulated. Growth in new orders rose at the fastest pace since July 2015. New export orders also increased, albeit at a slower pace; they were dragged down by lower demand volume from the UK due to the current strength of the euro against the pound. Regarding price developments, input cost inflation accelerated and resulted in higher output prices for clients.

Assessing the latest one-year outlook reading among Irish manufacturers, Investec Chief Economist for Ireland Philip O’Sullivan commented that:

“The forward-looking Future Output index improved to the highest in four months in September, with seven times as many respondents predicting a rise in output over the next 12 months against those who are pessimistic. Given the strengthening economic backdrop both at home and abroad, we concur with those who are positive on the outlook.”

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 6.8% in 2018, which is up 1.2 percentage points from last month’s forecast. For 2019, the panel sees fixed investment growing 4.9%.

Author: Jean-Philippe Pourcelot, Economist

Sample Report

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


Ireland PMI Chart

Ireland Manufacturing PMI September 2017

Note: Markit Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: IHS Markit., Investec

Ireland Economic News

  • Ireland: Services PMI rises to four-month high in May

    June 6, 2018

    The Investec services Purchasing Managers’ Index (PMI) climbed to a four-month high of 59.3 in May, up from 58.4 in April, thanks to a buoyant economic landscape and more favorable weather conditions.

    Read more

  • Ireland: Consumer sentiment improves in May

    June 5, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index climbed to 106.7 points in May, up from 104.0 points in April, recovering two-thirds of the drop in the previous month.

    Read more

  • Ireland: Industrial production records strong expansion in April

    June 5, 2018

    The highly volatile Irish manufacturing industries production index rose 9.2% over the previous month in seasonally-adjusted terms in April, contrasting a 7.4% month-on-month contraction in March.

    Read more

  • Ireland: Manufacturing PMI inches up in May

    June 1, 2018

    The Investec manufacturing Purchasing Managers’ Index (PMI) inched up to 55.4 points in May from 55.3 points in April, reflecting improved business conditions in the manufacturing sector.

    Read more

  • Ireland: Consumer sentiment deteriorates in April

    May 11, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index slid to a five-month low of 104.0 points in April from 108.1 points in March, continuing a “see-saw pattern” of improving confidence in one month followed by weaker confidence in the next month in a rapidly changing and uncertain economic setting due to the threat of a potential trade war, along with Brexit. April’s loss of consumer confidence reflected increased strains on household finances, underpinned by higher energy costs and restrained wage growth.

    Read more

More news

Search form