Ireland's manufacturing PMI dropped below the 50 threshold in November, indicating contraction in the sector. The drop was attributed to weakening global economic conditions, a decline in new orders, and a slowdown in hiring. This marks the third time in six months that the sector has contracted, despite a rise in output.
Activity in Ireland 's manufacturing sector declined again in November, driven by weakening global economic conditions, a drop in new orders, and a slowdown in hiring. Despite an increase in output to its highest level since February, the headline index fell below the 50 threshold, indicating contraction. The November PMI report from AIB showed the manufacturing PMI at 49.9, down from 51.5 in October.
Companies reported worsening business conditions despite expanding production volumes, with new orders falling due to subdued customer demand and less favorable global economic conditions
Manufacturing Ireland Global Economy Purchasing Managers' Index Sector Contraction
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