Thursday April 9, 2020

Services growth slowest since early 2014

July figure shows slowdown in new business last month

4th August, 2016
Service sector growth slows in July Pic: Pixabay

A survey which tracks the health of the Irish economy's service sector fell to its lowest level since February 2014 last month.

The Investec services purchasing managers' index, compiled by Markit economics, fell to 59.5 from 61.2 in June. Any figure above 50 signals growth, so the July figure signals a slowdown in recent strong growth in the sector.

The new business part of the index dropped to 60.8 from 61.9 in June.The input prices figure – which measures...

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