Irish factory cost inflation rises fastest in 23-year history of survey as output booms

Conditions are described as 'robust', despite surge in prices of energy and raw materials caused by supply chain bottlenecks

Irish manufacturers are passing on rapidly rising global costs of raw materials and hikes in energy costs, as factory output continues to boom, a new report reveals.

The latest AIB manufacturing purchasing managers’ index showed that input costs climbed at their fastest pace in October since the survey began 23 years ago.