Ireland PMI

Ireland

Ireland: Manufacturing PMI edges up in June

July 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) edged up from 55.0 points in May to 55.3 points in June according to the release provided by Investec. The index has remained above the 50-point threshold that indicates expansion in the manufacturing sector since May 2013.

New orders, driven by improving domestic economic conditions and stronger export markets, accelerated in June at the fastest pace since February 2011. Production recorded the thirteenth consecutive positive result, although growth did slow in June. Stocks of finished goods decreased at a solid pace as inventories were used to meet orders. Meanwhile, manufacturers increased their purchasing activity for a fifth consecutive month amid stronger client demand. In addition, employment among manufacturers continued on a positive streak. According to the survey report, June’s reading signals, “a period of robust growth for the sector. Given the improving economic conditions at home and abroad, and manufacturers’ own confidence, the outlook for the rest of the year looks bright.”

According to its Q2 Quarterly Bulletin, the Central Bank expects GDP to grow 2.0% in 2014 and 3.2% in 2015. FocusEconomics Consensus Forecast panelists expect the economy to grow 2.0% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel sees economic growth accelerating to 2.7%.


Author:, Economist

Sample Report

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

Download

Ireland PMI Chart


Ireland Manufacturing PMI June 2014

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


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