Factory output expands but manufacturers remain cautious

Producers faced continued disruption to shipping routes in the Red Sea which led to longer delivery times and higher input prices in February

In response to the increase in production, staffing numbers also expanded in an effort to boost production schedules and support long-term business development plans.

Manufacturing expanded for the first time in six months as conditions strengthen, but factory workers remain cautious, according to a major survey.

Respondents to the latest AIB Purchasing Managers’ Index recorded the lowest level of optimism since last April amid lingering concerns about broader economic prospects domestically and abroad.