The AIB Ireland Services PMI fell to 63.7 in August from 66.6 a month earlier. The latest expansion slowed for the first time in the current six-month growth sequence but was still the 2nd-strongest since January 2016. New business rose for the sixth month running, with the rate of growth slowing to a 3-month low w but was still the third-fastest in the past 4-1/2 years. Employment also grew for the sixth straight month despite the figure easing, in line with moderating demand. Incomplete workloads increased for the sixth consecutive month, and at a rate unchanged from July's 249-month record. Meantime, cost pressures continued to build, with input price inflation the highest since December 2000, leading to the sharpest rise in charges levied for services since October 2000. Finally, sentiment improved due to returning confidence and more 'normal' trading conditions. source: Markit Economics
Services PMI in Ireland averaged 56.03 points from 2011 until 2021, 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 September of 2021.
Services PMI in Ireland is expected to be 61.50 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 54.00 points in 2022 and 53.40 points in 2023, according to our econometric models.