Friday August 7, 2020

Irish services sector activity rose sharply in December

But a new survey shows the pace of expansion in the sector slowed from November

6th January, 2016
Activity in the Irish services sector rose sharply in December

Activity in the Irish services sector rose sharply in December, marking more than three years of unbroken growth, but at a slower pace than the previous month, a new survey shows.

Investec and Markit Economics purchasing managers' index (PMI), which tracks businesses from banks to hotels and restaurants, slipped to 61.8 last month from a nine-year high of 63.6 in November and 62.6 a year ago. But it remained well above the 50 level that separates expansion from contraction.

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