One in three manufacturers expect profits to fall this year

Ibec report predicts rising cost pressures and global trade uncertainty to take toll

Ibec executive director, membership and sectors, Sharon Higgins. The business representative group released its 2025 Manufacturing in Ireland Report on Tuesday. Picture: Conor McCabe Photography.

One in three Irish manufacturers expect profits to fall this year as rising cost pressures and global trade uncertainty take their toll. 

Business representative group Ibec released its 2025 Manufacturing in Ireland Report on Tuesday, with the report showing trade uncertainties have surged to become the top overall challenge for Irish manufacturers. The report notes that seven in 10 Irish firms are feeling the effects of the US trade tariffs.