New orders in Irish manufacturing rose at ‘fastest ever rate’ during June

The continued manufacturing boom was offset by ‘severe pressures’ associated with supply chain issues, according to AIB

30th June, 2021
New orders in Irish manufacturing rose at ‘fastest ever rate’ during June
Manufacturing production rose for the fourth month running in June, the most sustained period of growth in over two years. Picture: Getty

The continued reopening of sectors of the Irish economy and the gradual easing of restrictions allowed Ireland’s manufacturing industry to rebound strongly during June, according to the latest Purchasing Managers Index (PMI) from AIB.

New orders rose at the fastest rate ever, according to the index, leading to the second strongest expansion in output to date. Growth in backlogs, jobs and purchasing were also close to record levels.

Input price inflation accelerated further...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Donohoe: long-term spending commitments need to match sustainable revenues

Government plans to spend €80.1bn next year

Labour shortage to hit global recovery, says top economist

Economics Lorcan Allen 3 weeks ago

Aidan Regan: We need our allies more than we need our beloved 12.5 per cent tax rate

Economics Aidan Regan 3 weeks ago