1st Aug 2025 02:49
(Alliance News) - Ireland's manufacturing activity continued to expand in July, though at a slower pace than the previous month, S&P Global reported Friday.
The AIB Ireland manufacturing purchasing managers’ index fell to 53.2 in July, down from a 37-month high of 53.7 in June.
A reading above the 50.0 neutral mark indicates an overall increase in business activity from the previous month, while a reading below signals a contraction.
David McNamara, AIB chief economist, said: “The rise in July was broadbased, with growth in output and new orders, and a sharp rise in employment.
“Output rose at an accelerated pace in July, with respondents citing a boost to production volumes from stronger demand. This was also reflected in continued growth in new orders and a first rise in export orders in four months. Employment expanded sharply, with the pace of hiring in line with the three year high reached in June.”
The AIB economist added that despite ongoing tariff-related uncertainty, manufacturers in Ireland expressed a broadly positive view of the outlook, with 35% of those surveyed predicting an increase in output levels over the upcoming year, while only 8% anticipate a decline.
“Some firms cited the potential pent-up demand if global trade uncertainty recedes over the coming year,” McNamara commented.
S&P Global compiles the PMI each month using survey responses from a panel of around 250 manufacturers.
By Elijah Dale, Alliance News senior reporter Asia-Pacific
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