FX.co ★ Ireland’s Manufacturing Momentum Eases as AIB PMI Slips to 54.9 in June

Ireland’s manufacturing expansion moderated in June, as the AIB Ireland Manufacturing Purchasing Managers’ Index (PMI) edged down to 54.9 from 55.9 in May 2026. The latest reading, updated on 1 July 2026, indicates that while the sector remains in growth territory, the pace of improvement has slowed slightly.

The June figure marks a second consecutive month with the index comfortably above the 50-point threshold that separates expansion from contraction, suggesting that underlying conditions in Irish manufacturing remain broadly positive. However, the one-point decline signals a mild cooling in momentum compared with May’s stronger performance.

Investors and analysts will be watching upcoming data closely to assess whether June’s softer reading reflects a temporary pause after recent gains or the start of a more sustained easing in manufacturing activity heading into the second half of 2026.