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Republic of Ireland Manufacturing PMI – July 2020

The headline AIB Ireland Manufacturing PMI® is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50.0 indicates overall improvement of the sector.

The PMI surged to 57.3 in July, from 51.0 in June, signalling the strongest overall improvement in manufacturing business conditions since August 2018. The 6.3-point rise in the PMI was less than in June but still the second-largest on record – the next-highest was a 4.4-point gain in March 2010. The latest PMI reading was the eleventh-highest on record since the series began in May 1998, and well above the long-run trend level of 51.8.

The full Republic of Ireland Manufacturing PMI® Report is attached.

Lorraine MacKinder
Marketing and Membership Administrator
Tel: 020 7747 8121 (direct line)
Mobile: 07394561099
Email: Lorraine.MacKinder@steelconstruction.org