The AIB Ireland Services PMI increased to 41.2 in February 2021 from January's 36.2, pointing to a slower decline in the sector, amid the stricter lockdown restrictions to contain the spread of coronavirus. Business activity and new work both continued to fall sharply, albeit at weaker rates than in January. New export business fell for the twelfth straight month, with weak UK demand highlighted. Meanwhile, employment declined modestly. On the price front, input prices inflation accelerated but remains below long-run trend. As a result, output charges continued to fall. Lastly, sentiment improved to the strongest since January 2020, as firms expect a revival once restrictions are lifted and vaccination campaigns take effect. source: Markit Economics

Services PMI in Ireland averaged 55.75 points from 2011 until 2021, 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 March of 2021.

Services PMI in Ireland is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the Ireland Services PMI is projected to trend around 54.00 points in 2022, according to our econometric models.

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Ireland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
41.20 36.20 64.00 13.90 2011 - 2021 points Monthly


News Stream
Irish Services Shrink at Softer Pace
The AIB Ireland Services PMI increased to 41.2 in February 2021 from January's 36.2, pointing to a slower decline in the sector, amid the stricter lockdown restrictions to contain the spread of coronavirus. Business activity and new work both continued to fall sharply, albeit at weaker rates than in January. New export business fell for the twelfth straight month, with weak UK demand highlighted. Meanwhile, employment declined modestly. On the price front, input prices inflation accelerated but remains below long-run trend. As a result, output charges continued to fall. Lastly, sentiment improved to the strongest since January 2020, as firms expect a revival once restrictions are lifted and vaccination campaigns take effect.
2021-03-03
Ireland Services PMI Plunges to 8-Month Low
The AIB Ireland Services PMI dived to 36.2 in January 2021 from December's 50.1, indicating the fastest rate of decline in Irish services output for eight months, with lockdown restrictions tightening as a second wave of COVID-19 swept through Europe. The decline in the headline figure was the third-largest on record, with new business falling at the steepest rates since last May and the fastest since April 2009 when the March-May 2020 period is excluded. Meanwhile, employment shrank fractionally and much weaker than those seen during the Q2 and Q3 2020. As for prices, input cost inflation eased to a six-month low, while output charges fell marginally as s firms attempted to boost sales. Lastly, sentiment was little-changed from the levels seen in November and December.
2021-02-03
Irish Service Sector Stabilizes
The AIB Ireland Services PMI climbed to 50.1 in December 2020 from November's five-month low of 45.4. The latest figure pointed to a stable trend in the level of activity in the sector, as employment grew for the first time since February, while outstanding work increased for the second month in a row, and despite a slight fall in new orders. On the cost front, input prices rose for the sixth consecutive month, linked to greater wages, fuel, insurance, and utility bills. That said, the rate of inflation eased to a five-month low and remained below the long-run survey average. Meanwhile, prices charges went up for the third time in four months, albeit only marginally. Finally, business sentiment was the strongest since February.
2021-01-06
Ireland Services Sector Shrinks for 3rd Month
The AIB Ireland Services PMI fell to 45.4 in November 2020 from 48.3 in October, pointing to the third straight month of fall and the lowest reading since June. Still, new business declined only slightly, contributing to a rise in outstanding work for the first time since February. Employment shrank further, but at the slowest rate in the current nine-month period of retrenchment. On the price front, average e input prices for service providers rose at the fastest pace since February, due to rising costs to wages, insurance premiums, and fuel, while prices charged fell for the first time in three months. Finally, sentiment strengthened to the highest since January, amid growing hope for a coronavirus vaccine in 2021.
2020-12-03

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.