Irish manufacturing shows quiet strength

Irish manufacturing expanded at its fastest pace in over three years last month, defying global trade concerns. The AIB PMI rose to 53.7 in June, with hiring accelerating at its strongest rate since mid-2022 as firms ramped up for long-term growth. Purchasing activity surged to a three-year high as companies rebuilt inventories, despite softer export orders and lingering US tariff risks. Nearly half of manufacturers expect output to rise over the next year, signalling cautious optimism even as economic forecasts weaken.

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