But latest AIB Manufacturing PMI points to optimismNew economic data published this morning shows worsening manufacturing conditions in Ireland as 2023 drew to a close. The results of the latest AIB Ireland Manufacturing Purchasing Managers’ Index is a setback to the stabilisation recorded in November. Adjusted for seasonal influences, the AIB Ireland Manufacturing PMI registered 48.9 in December, down slightly from 50 in November and below the neutral threshold for the third time in the past four months. The latest reading was close to the average for 2023 as a whole (49.1) and signalled a marginal overall downturn in business conditions. Latest data indicated a rise in new orders from abroad for the first time in four months, albeit at only a marginal rate.

Source: Irish Independent January 02, 2024 19:53 UTC