The AIB Ireland Services PMI declined to a four-month low of 60.2 in May 2022 from 61.7 in April, but still pointing to a sharp monthly increase in output across the service sector as the recovery from the Covid pandemic continued. Activity has now risen in each of the past 15 months, but the latest expansion was the softest since January. There were further signs of growth rates softening amid steep rises in input costs and selling prices. The rate of job creation picked up to a ten-month high, but outstanding business increased at an accelerated pace nonetheless. The Transport, Tourism & Leisure sector led growth of activity, new business and employment. Meanwhile, rates of expansion slowed in the Business Services, Financial Services and Technology, Media & Telecoms categories, with the softest increase posted in the Business Services sector. source: Markit Economics
Services PMI in Ireland averaged 56.35 points from 2011 until 2022, reaching an all time high of 66.60 points in July of 2021 and a record low of 13.90 points in April of 2020. This page provides the latest reported value for - Ireland Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Services PMI in Ireland is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Services PMI is projected to trend around 53.40 points in 2023, according to our econometric models.