The AIB Ireland Services PMI plummeted to 13.9 in April 2020 from 32.5 in March, falling to the lowest on record as the economy shut down to halt the spread of the coronavirus outbreak. All six sub-indices contracted sharply in April and booked the lowest levels in the series history. Among sectors, transport, tourism & leisure and business services record single-digit index readings of 5.2 and 7.4, respectively. On the price front, average input prices fell at the sharpest rate since March 2010, as firms reported lower wage and fuel costs. Looking ahead, sentiment for the next 12 months stabilized.

Services PMI in Ireland averaged 56.95 points from 2011 until 2020, reaching an all time high of 64 points in January of 2016 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 May of 2020. source: Markit Economics

Services PMI in Ireland is expected to be 42.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Ireland to stand at 51.00 in 12 months time. In the long-term, the Ireland Services PMI is projected to trend around 52.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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Ireland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
13.90 32.50 64.00 13.90 2011 - 2020 points Monthly


News Stream
Ireland Services PMI Falls to 20-Year Low
The AIB Ireland Services PMI plummeted to 13.9 in April 2020 from 32.5 in March, falling to the lowest on record as the economy shut down to halt the spread of the coronavirus outbreak. All six sub-indices contracted sharply in April and booked the lowest levels in the series history. Among sectors, transport, tourism & leisure and business services record single-digit index readings of 5.2 and 7.4, respectively. On the price front, average input prices fell at the sharpest rate since March 2010, as firms reported lower wage and fuel costs. Looking ahead, sentiment for the next 12 months stabilized.
2020-05-06
Ireland Services PMI Plummets to 32.5
The AIB Ireland Services PMI plummeted to 32.5 in March 2020 from 59.9, retreating from the highest since December 2017 to the lowest level since April 2009 and the third-lowest on record. The largest monthly decline in the near-20 year survey history was explained by declines across the board. New orders from international markets fell the most in any month since this series began in June 2002. Employment decreased markedly, reflecting the weakest expectations for activity since the survey began in May 2000. On the price front, respondents cut prices for the first time in 6 years in March, as they attempted to shore up sales amid disruption from the coronavirus outbreak. Looking ahead, sentiment for the next 12 months was the weakest since the series was first compiled in July 2012.
2020-04-03
Irish Service Sector Growth at 2-Year High
The AIB Ireland Services PMI increased to 59.9 in February 2020, the highest since December 2017, from 56.9 points in January. New orders rose the most since April 2018, boosted by an acceleration in new export growth, and the pace of job creation was the strongest in eight months. In addition, outstanding business rose the most since May 2018, with the rate of growth accelerating three times in the past four months, following a subdued period during the middle of 2019. On the price front, input cost inflation rose to a 12-month high due to higher salaries and fuel prices. Meantime, selling price inflation picked up from January's three-month low. Finally, sentiment moderated slightly from January's 18-month peak, reflecting the post-transition Brexit settlement and potential disruption to the global economy from the COVID-19 outbreak.
2020-03-04
Irish Services PMI Rises to 7-Month High
The AIB Ireland Services PMI rose to a seven-month high of 56.9 in January 2020 from 55.9 a month earlier, due to the removal of Brexit uncertainty following the UK General Election. New orders and exports rose by the most since December 2018, while outstanding work increased at the fastest pace in seven months and the rate of job creation picked up. Regarding inflation, cost pressures remained strong, with input prices rising amid higher labour and fuel cost. Firms subsequently increased their own prices charged, at a rate that remained well above the long-run survey average despite easing since December. Looking ahead, business sentiment strengthened for the fourth successive month to the highest since July 2018.
2020-02-05

Ireland Services PMI
The Investec Services PMI Ireland is based on data compiled from monthly replies to questionnaires sent to around 450 private companies in the Irish private service sector. An index situated above 50.0 indicates activity expansion of the corresponding variable (i.e. new orders, price, employment, etc.); An Index situated below 50.0 indicates a contraction of the activity, whilst an index at the same level as 50.0 indicates that the situation is stable compared with the previous month.