3rd Jun 2025 01:17
(Alliance News) - Ireland's manufacturing sector continued to expand in May, though, at a slightly slower pace, S&P Global reported on Tuesday.
The AIB Ireland manufacturing purchasing managers' index fell to 52.6 in May, down from April's 34-month high of 53.0.
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.
The latest reading marks the fifth consecutive month of expansion in the sector.
David McNamara, AIB chief economist, said: "The rise in May was broad-based, with robust growth in output and new orders, and signs of easing tariff-related concerns.
"The May survey also showed a further sharp increase in input prices, with the index easing only slightly from the two-year high reached in April. Higher input prices were linked to commodities and other raw materials. Output price inflation accelerated slightly, as manufacturers passed on higher input costs, but the rate of inflation remains well below that observed throughout the past 12 months. Despite ongoing geopolitical and tariff uncertainty, Irish manufacturers maintained a generally upbeat assessment of the outlook for activity levels over the coming year."
S&P Global compiles the PMI each month using survey responses from a panel of around 250 manufacturers.
By Elijah Dale, Alliance News reporter
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