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Procter & Gamble to cut 7,000 jobs over two years

Procter & Gamble said today it would cut 7,000 jobs, or about 15% of its non-manufacturing roles, globally over the next two years as part of its non-core restructuring program.

Business • 05 Jun

The Purchasing Managers' Index (PMI) rose to 53 from 51.6 in March, the latest report from AIB shows

Manufacturing growth strongest in April since mid-2022

Growth in the country's manufacturing sector accelerated in April thanks to a robust expansion in new orders amid signs of stock building due to tariff uncertainty, a survey showed today.

Business • 01 May

HCOB's final euro zone manufacturing Purchasing Managers' Index rose to 48.6 in March, just below a preliminary estimate for 48.7 but closer to the 50 mark separating growth from contraction

March euro zone factory activity shows signs of recovery

The euro zone's long-suffering manufacturing industry showed initial signs of a meaningful recovery last month as output rose for the first time in two years, a survey showed today, but the upswing could be hurt by US trade tariffs.

Business • 01 Apr

China's Caixin/S&P Global manufacturing PMI climbed to 51.2 in March from 50.8 in the previous month - exceeding market expectations

Asia's factory activity weakens as US tariffs sap confide

Asia's factory activity mostly weakened in March as an intensifying US tariff war and slowing global demand hurt business sentiment, private sector surveys showed today, darkening the outlook for the region's economy.

Business • 01 Apr

Employment in manufacturing increased for the first time in four months

Sharpest decline in production volumes for six months

There were subdued business conditions across the Irish manufacturing sector, according to the latest AIB Manufacturing Index.

Business • 03 Jan

Sharon Higgins, Executive Director of Membership and Sectors at Ibec

Manufacturing performing strongly despite rising costs

Confidence in the manufacturing sector remains steady, with 70% of firms expressing a positive outlook at both national and enterprise level.

Business • 10 Dec 24

The headline index dropped from 49.6 in March to 47.6.

Manufacturing activity deteriorates, new orders fall

Activity in the manufacturing sector deteriorated again in April, new data shows.

Business • 01 May 24

The headline index increased to 52.2 from 49.5 in January - the first expansion in six months.

Manufacturing activity improves, production volumes rise

Business condition in the manufacturing sector improved in February, the latest AIB Purchasing Managers Index shows.

Business • 01 Mar 24

The latest Purchasing Managers Index from AIB shows an overall improvement for the sector.

Stronger export sales boost manufacturing production

Manufacturing output rose slightly in January, new figures show.

Business • 01 Feb 24

The Irish measure, at 48.9, was well above the flash December readings for the eurozone - 44.2 - and the UK - 46.4

Slight dip in manufacturing activity in December - AIB

There was a slight deterioration in business conditions in the manufacturing sector in December, the latest AIB Purchasing Managers Index showed.

Business • 02 Jan 24

The AIB Manufacturing PMI rose to 50 from 48.2 in October, and 49.6 in September

Manufacturing conditions stabilise in November

Business conditions in the manufacturing sector stabilised in November, new figures show.

Business • 01 Dec 23

The Modern sector, which includes the chemical, pharmaceutical and computer and electronic sectors, saw a 24% decrease in industrial production in the third quarter of 2023

Production in manufacturing industries sinks 23% in Q3

New figures from the Central Statistics Office show that production in manufacturing industries decreased by 22% in the third quarter of this year compared to the same second quarter.

Business • 10 Nov 23

German companies have struggled with a surge in power prices triggered by Russian energy supply cuts in the wake of Moscow's war in Ukraine

Germany's electricity price relief for ailing industry

Germany has today announced a huge relief package including tax cuts on electricity for the manufacturing sector, in a bid to shore up an economy that man fear could end the year in recession.

Business • 09 Nov 23

The Ibec report reveals that manufacturers are cautiously more optimistic about the business environment compared to last year.

Competitiveness and costs top issues for manufacturers

Competitiveness and the cost of doing business in Ireland are among the top issues for the manufacturing sector, a new report shows.

Business • 07 Nov 23

HCOB's final euro zone manufacturing Purchasing Managers' Index rose to a three-month high of 43.5 in August from July's 42.7

Euro zone factory activity shows signs of recovery: PMI

The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc's beleaguered factories although demand weakened to its lowest in almost a year, a survey showed today.

Business • 01 Sep 23

The latest Purchasing Managers Index from AIB reveals the sharpest decline in new orders so far this year

Manufacturing sector continues to contract

Business conditions in the manufacturing sector continued to deteriorate in July, new figures show.

Business • 01 Aug 23

Make UK said it expected factory output to fall 0.3% this year compared with a 3.3% contraction expected three months earlier

UK manufacturers lift 2023 outlook

Britain's main manufacturing trade body Make UK revised up its outlook for this year today thanks to strong demand for aircraft and electronics, but said it still expects production to fall over the year as a whole.

Business • 19 Jun 23

The HCOB Composite Purchasing Managers' Index climbed to an 11-month high of 54.1, below a preliminary reading of 54.4 but up from 53.7 in March

Euro zone April business activity grows - PMI

Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a downturn in manufacturing, according to a survey that also showed inflation was at its lowest in over two years.

Business • 04 May 23

Inflationary pressures similarly eased with April data indicative of the first fall in average operating expenses since June 2020

Weak demand hits production in manufacturing sector

The downturn across Ireland's manufacturing sector deepened at the start of the second quarter of the year amid a sharper contraction in factory production and a sustained decline in new orders.

Business • 02 May 23

The AIB Manufacturing PMI dropped to 49.7, from 51.3 in February

Manufacturing activity weakens amid drop in new orders

Activity in the manufacturing sector weakened in March, as demand dropped, new figures show today.

Business • 03 Apr 23

After a period of weak activity over the winter months, the PMI moved back into expansion mode.

Manufacturing activity improves amid rise in new orders

Activity in the manufacturing sector improved in February amid a rise in new orders, according to the latest AIB Purchasing Managers Index (PMI).

Business • 01 Mar 23

The reading was stronger than an initial estimate of 44.7 released last month

UK manufacturing ends 2022 on a low as orders shrink

British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last month, as new orders fell sharply and companies cut jobs, a monthly survey showed.

Business • 03 Jan 23

Pressure on supply chains eased further, leading to the slowest round of input price inflation since February 2021

Manufacturing contracts amid sharp fall in new orders

The Irish manufacturing sector contracted for the second month running in December, the latest Purchasing Managers Index (PMI) from AIB concludes.

Business • 03 Jan 23

The new orders index remained firmly sub-50 at 40.7, albeit above October's 37.9 reading

Euro zone factory downturn eased in November

The downturn in manufacturing activity across the euro zone eased in November, according to a survey which suggests while the bloc's factories still face a harsh winter it may not be as bad as initially feared.

Business • 01 Dec 22

S&P Global's final manufacturing Purchasing Managers' Index for the euro zone fell to a 27-month low of 48.4 in September from August's reading of 49.6

Euro zone factory activity declines as energy bills hit

Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy bills limited production, a survey showed today.

Business • 03 Oct 22