Irish Economy Watch - October 2024
by AIB Treasury's Economic Research Unit
- The manu. PMI fell to 49.4 in Sep, consistent with conditions in the sector deteriorating.
- Output contracted for the first time since June, while new orders/exports remained weak Traditional industrial production was 7.0% higher YoY in the 3 mths to August
- The serv. PMI rose to 55.7 in Aug, indicating an acceleration in the pace of expansion. New business including new export orders, and backlogs of work all increased. Inflationary pressures eased in the month also
- The CSO services index was up by 11.9% YoY in August
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