Monday February 17, 2020

Brexit knocks confidence in services sector

AIB Ireland's latest survey shows that new business grew at the slowest pace for four months, while business confidence dropped to the lowest level since late 2011 amid Brexit worries

4th September, 2019
Confidence among service providers slumps. Pic: Getty

The AIB Ireland Services PMI, a measure of activity in sectors including financial services, technology and leisure, came in at 54.6 in August, down from 55 in July and the lowest figure since January. As any figure above 50 means growth, this suggests that the sector is continuing to expand at a solid pace.

A breakdown of the survey showed that new business grew at the slowest pace for four months, with only marginal growth in new orders...

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