Irish services sector expands in March

But new business from abroad expanded at the slowest pace in almost four years

5th April, 2016
Activity in the services sector rose in March

The Irish services sector expanded in March despite a drop in new business to its lowest level in five months, a new survey shows.

However, the new business index fell to 61.7 from 62.3 in February, its lowest reading since last October, while new business from abroad expanded at the slowest pace in almost four years as sterling weakness hit exporters. The pound has dropped by around 12 per cent against the euro since November.

The sub-index measuring...

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