Ireland's manufacturing sector growth eased in June from the four-year high seen the previous month, but output, new orders and employment all grew robustly, according to a survey on Wednesday.
The AIB Ireland Manufacturing Purchasing Managers' Index (PMI) eased to 54.9 in June from May's 55.9, which was the highest level since May 2022. Any reading above 50 indicates growth in activity.
Respondents reported "continued buoyant order books" with improving demand from the United States and Europe, but softer demand from Britain, AIB Chief Economist David McNamara said.
Costs have increased due to the impact of the Middle East conflict, but with demand still robust, many firms were able to increase selling prices and protect their margins, he added.
Irish manufacturers' assessment of the outlook for activity levels over the coming year remained broadly optimistic, with around 42% predicting an increase in output, while only 8% forecast a reduction, according to the survey.