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 fell from 52.3 in August to exactly 50.0 in September, indicating stagnant overall operating conditions in the Irish manufacturing sector. This ended a three-month recovery
in the goods-producing sector as restrictions were eased over the summer, which peaked in July when the PMI hit a 23-month high of 57.3. The headline figure trended at 53.2 in the third quarter, the highest since Q1 2019 (53.5).
The full Republic of Ireland Manufacturing PMI® Report is attached.
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