Manufacturing sector rebounds after subdued start to the year
Jobs were added at the fastest rate in two-and-a-half years last month
about an hour ago
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.
The latest report reveals the PMI for March jumped to 57.1 in March from 52.0 in February and 51.8 in January. 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. Output returned to a strong growth path after contracting in the previous two months, driven by a marked pick-up in orders, including from abroad, as demand strengthened,” said Oliver Mangan, AIB chief economist.