AIB Ireland Manufacturing PMI® indicated a broad stabilisation in operating conditions across the Irish manufacturing sector at the start of the third quarter, thereby ending a four-month period of deterioration. Underlying data hinted at early signs of recovery in demand conditions. Meanwhile, output was raised for the first time since February. However, latest data also signalled a jump in cost burdens, with input prices rising at the sharpest rate for 17 months. While stronger cost burdens failed to fully feed through to charges, they will need to be monitored closely in order to assess inflationary concerns.