Stock Take

Irish manufacturing feels impact of British and EU slowdown

AIB’s latest purchasing managers index shows that orders to Irish firms have fallen sharply; sluggish British and eurozone economies are partly to blame

The post-Covid shift back to ‘just in time’ ordering has led to a huge wave of destocking across the manufacturing sector and many firms are seeing a sharp reduction in orders

Ireland’s manufacturing sector feels like it’s hit an inflection point and that companies are starting to feel the impact of a slowdown in the British and eurozone economies.

New figures released last week by AIB in its latest purchasing managers index, a monthly survey of supply chain managers and buyers, show that new manufacturing orders to Irish companies during September fell at the fastest pace so far this year.

So, what exactly is happening? And ...