The Irish manufacturing sector rebounded in March with new orders and exports all rising for the first time since the end of 2020. The AIB Ireland Manufacturing PMI also shows the 12-month outlook for production brightened and jobs were added at the fastest rate in two-and-a-half years. Any figure greater than 50.0 indicates overall improvement of the sector“The sub-components of the Irish PMI survey all point to a big improvement in business conditions in the sector. “This resulted in a rise in backlogs of unfilled orders for only the second month in the last two-and-a-half years. Meanwhile, employment rose for the sixth month running, growing at its fastest pace since September 2018.”March survey data continued to reveal severe pressure on manufacturing supply chains.

Source: The Irish Times April 01, 2021 03:41 UTC