Market comment

Irish manufacturing PMI falls to 49.7 in March


This morning’s Irish manufacturing for March is a little disappointing, falling back to 49.7, albeit still stronger than the flash euro area (47.1) and UK (48.0) readings. Export orders saw a particularly sharp decline, but firms were still very upbeat on future prospects. Confidence was still close to February’s one-year high and employment rose again at a modest pace. There were also encouraging signs that supply-chain issues are being resolved and cost inflation moderated again in March.

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Apr 3 2023, 07:00 IST/BST