Updated / Wednesday, 7 Apr 2021
07:02
The strongest rate of expansion was in financial services, followed by business services and technology, media and telecoms respectively
There was a rise in activity in the services sector last month, according to the latest AIB Purchasing Managers Index (PMI).
The survey suggests that the rise was driven by renewed growth in new business and exports.
Employment was up for only the second tine since the start of the Covid-19 pandemic, while confidence was at the highest since mid-2018 as firms expected an economic revival as the vaccination roll out continues.
However, the survey shows that cost pressures intensified further in March.
DUBLIN (Reuters) - Irish factory activity rebounded to within touching distance of 2020 highs in March, boosted by new orders and optimism about the reopening
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.
Irish manufacturing sector jumps in March after subdued start to 2021
Thu, 1st Apr 2021 05:48
(Alliance News) - The Irish manufacturing sector performed strongly in March, IHS Markit said on Thursday, as output, new orders and exports all rose solidly and for the first time since the end of 2020.
The headline AIB Ireland manufacturing purchasing managers index surged to 57.1 in March, from 52.0 in February, signalling a marked overall improvement in Irish manufacturing business conditions at the end of the first quarter. Any figure greater than 50.0 indicates overall improvement of the sector, so the latest figures suggest the sector at a faster pace in March.