Irish manufacturing ends its six-month slump

The figure from the AIB Irish Manufacturing Purchasing Managers’ Index is derived from indicators for new orders, output, employment, suppliers' delivery times and stocks of purchases

Overseas demand was a major contributor to the uplift in sales with new export orders expanding for the first time since May last year.

Irish manufacturing expanded for the first time in six months following an increase in new orders, particularly from overseas, in contrast to trends seen in other countries, new data from AIB shows.

The findings come from the AIB Irish Manufacturing Purchasing Managers’ Index (PMI) which includes Irish-owned factories selling products into the home market as well as multinationals — such as the large number of pharma giants that export to global markets.