Irish factories record drop in new orders, easing supply pressures

Inflationary pressures remain high for factories despite some easing in supply and capacity constraints

Irish factories to continued to hire staff during the period as they weren’t under pressure to complete high levels of new orders. File picture

Price pressures led to a sharp decline in new purchasing orders from Irish factories during September, but helped alleviate supply chain issues.

Irish factories recorded the fastest drop in new orders since January 2021 as high prices have created low demand, according to AIB’s latest purchasing managers index (PMI).