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 edged higher to 50.3 in October, from September’s 50.0. This signalled an overall improvement in business conditions at the start of the fourth quarter, following a stagnation at the end of the third quarter as an initial summer rebound from the spring coronavirus lockdown faded. The latest PMI remained well down from its recent peak of 57.3 in July, and signalled only a marginal improvement in conditions in October.
The full Republic of Ireland Manufacturing PMI® Report is attached.
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