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Republic of Ireland Manufacturing PMI – April 2021

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 57.1 in March, from 52.0 in February, signalling a marked overall improvement in Irish manufacturing business conditions at the end of the first quarter. The latest figure was broadly comparable with the peaks set during the past three years, and well above the long-run trend level (since 1998) of 51.8. Moreover, the month-on-month rise
in the headline figure of 5.1 points was the third largest on record, behind only those registered in June and July last year as the sector rebounded from the first lockdown. Over the first quarter as a whole the PMI averaged 53.6, the strongest quarterly trend since the fourth quarter of 2018.

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

Lorraine MacKinder
Marketing and Membership Administrator

Tel: 020 7747 8121 (direct line)
Mobile: 07394561099