Irish manufacturing sector sees 'sharp rise' in jobs

Survey respondents mostly cited improving domestic demand for improvement in manufacturing

In June, the AIB Irish Manufacturing PMI recorded a reading of 53.7, up from 52.6 in May. Any figure greater than 50.0 indicates overall improvement of the sector.

June saw the fastest overall improvement in the Irish manufacturing business conditions for just over three years as output and new orders grew and employment saw a “sharp rise”, the latest AIB Manufacturing Purchasing Managers’ Index (PMI) shows.

The PMI is a composite single-figure indicator of the manufacturing sector’s performance during the month. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.