Economy
‘Weakest reading’ of the year as service sector growth slows
The fluctuations in the Irish services PMI readings come as exchequer returns showed corporate tax take was down 12 per cent on the year in September
Growth in the Irish services sector slowed in September, falling to the weakest level since the beginning of the year.
The latest Irish services purchasing managers’ index (PMI), a weighted average of the country’s activity in the services areas, showed the index declined from 55.0 in August to 54.5 last month.
An analyst note from Davy Stockbrokers has said the reading “still signals a solid rise in activity”, but it is the “weakest reading” since ...
