Saturday October 24, 2020

January service sector growth weakest since 2013

While the pace of expansion is still strong, the figures signal a slower start to the year for the Irish economy

5th February, 2019
Confidence among service providers slumps. Pic: Getty

The AIB Ireland Services PMI, compiled by IHS Markit, measures activity in the sector, with any figure above 50 indicating growth.

The January index fell to 54.2, down from 56.3 in December. The new orders part of the index dropped to its lowest level since October 2016, with firms reporting softer demand from customers.

While activity picked up in the financial services and business services sectors, it declined in the technology, media and telecoms (TMT) and transport, tourism and...

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