Manufacturing sector sees strong growth in new orders during October 

Price pressures also eased, with firms signalling a slower pace of inflation in input and output costs, according to AIB's Purchasing Managers Index

Higher levels of new work led to manufacturers modestly expanding their production schedules during the month.

There are “tentative signs” of a turnaround in Irish manufacturing after the latest Purchasing Managers Index (PMI) showed growth in the sector during October on the back of the strongest upturn in new work since May 2022.

According to AIB’s October PMI, the manufacturing sector recorded a reading of 51.5 — up from a 49.4 in September. In comparison, last month the eurozone, US, and the UK recorded manufacturing PMIs of 45.9, 47.8, and 50.3 respectively.