FX.co ★ AIB Ireland Manufacturing PMI Drops to 47.6 in April 2024

In April 2024, the AIB Ireland Manufacturing Purchasing Managers' Index (PMI) fell to 47.6, down from 49.6 in March of the same year. This decrease indicates a further contraction in manufacturing activity compared to the previous month. The data, updated on May 1, 2024, highlights the challenges faced by the Irish manufacturing sector. A PMI figure below 50 typically suggests a decline in manufacturing output, while a number above 50 indicates expansion. The drop in the PMI for April underscores the need for monitoring and support to stabilize and stimulate growth in the sector moving forward.