Ireland skyline

Ireland PMI December 2020

Ireland: Manufacturing PMI hits five-month high in December

The AIB manufacturing Purchasing Managers’ Index (PMI) climbed to 57.2 in December from November’s 52.2, ending the year with the best result since July. As such, the index moved further above the 50-threshold, indicating an improvement in Irish business conditions compared to the previous month.

December’s upturn largely came on the back of a continued rise in new orders, which expanded at the fastest pace in five months amid improving demand and also lifted production. On the price front, input costs rose in December due to raw material shortages and rising demand, while output charge inflation also increased. Lastly, although firms remained optimistic over the outlook in the coming year in December, sentiment softened from the previous month, largely owing to rising uncertainty regarding a UK-EU trade deal.

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