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.