The AIB Ireland Services PMI declined to a six-month low of 55.6 in June 2022 from 60.2 in May, amid growing concerns over soaring inflation and geopolitical instability. Still, the latest figure remained above its long-run trend level since 2000 of 55.1, with new orders rising for 16th straight month despite the rate of growth being the weakest since January. Also, employment growth continued to expand strongly despite easing to a five-month low. Meantime, both input prices and charges rose at the fourth-fastest rates on record, which were little-changed from the all-time highs seen in March and April, respectively. Among sub-sector, there was a notable loss of momentum in transport/tourism/leisure while growth in the technology/media & telecoms sector eased to a three-month low. Finally, sentiment hit its lowest since October 2020, on worries over the impact of the Ukraine war and surging prices. 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 July of 2022.
Services PMI in Ireland is expected to be 54.60 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.