Irish Manufacturing Activity Hits Four Year High in April
The AIB Ireland Manufacturing PMI rose to 54.9 in April, its highest level since 2022. Firms also reported the sharpest rise in input costs since late 2022.
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Ireland manufacturing activity rose to 54.9 in April, marking its fastest growth in four years. The AIB Ireland Manufacturing PMI climbed from 53.7 in March, reaching its highest level since May 2022. While output expanded, manufacturers face the sharpest input cost inflation since September 2022 due to Middle East supply disruptions.
AIB GROUP PLC Chief Economist David McNamara said the April expansion stemmed from sustained gains in output and new export orders. He noted the Middle East conflict provided a temporary boost to demand and stock building.
