Economics
AIB PMI: Irish services sector hits January slump as expansion falls to 35-month low
The findings of AIB’s survey showed “a loss of momentum in Irish service sector activity” which resulted in only “fractional growth” for the month
The rate of expansion in the Irish services sector fell sharply in January, to a 35-month low, as input costs rose.
The AIB Irish Services purchasing managers’ index (PMI) for January showed continuing but weaker growth in the sector last month with a reading of 50.5, down from 53.2 in December, representing a modest overall increase.
The PMI asks for changes in the volume of business activity compared with one month previously, with a reading ...