Economy

Further signs inflation is falling as services sector grows for the first time in six months

The latest services PMI report shows business activity picked up sharply during the month of November after contracting for six consecutive months

The Transport, Tourism and Leisure sector recorded the biggest improvement of any sector during November

Ireland’s services industry recorded an up-tick in activity for the first time in six months as demand increased sharply and inflationary pressures begin to ease.

All four sectors included in the services industry - Transport, Tourism & Leisure, Financial services, Business services, and Technology, Media & Telecoms - saw increased activity during the month of November, according to AIB’s latest Purchasing Manager Index (PMI) for the services industry.

Overall, the services PMI rose to 54.2 ...