The AIB Ireland Services PMI rose sharply to 57.7 in April 2021 from 54.6 a month earlier. This was the fastest growth in the sector since February 2020 and well above the rebound seen during the summer of 2020, as some COVID-19 restrictions were eased. New order growth was at a 14-month high and the second-strongest in 2-1/2 years; while exports of services rose at the joint-fastest rate since July 2018, with demand mainly increasing from the UK and mainland European markets. Also, employment grew for the third month in a row, and at the strongest rate since February 2020. Meantime, the level of incomplete work went up for the second month running and at the steepest rate since May 2018. Prices data showed input price inflation eased slightly from March's 13-month high, while the rate of charge inflation was the strongest in 14 months. Looking ahead, sentiment strengthened to a three-year high and was above its long-run trend level. 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 May of 2021.

Services PMI in Ireland is expected to be 53.60 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
57.70 54.60 64.00 13.90 2011 - 2021 points Monthly


News Stream
Ireland Services PMI Rises to 14-Month High
The AIB Ireland Services PMI rose sharply to 57.7 in April 2021 from 54.6 a month earlier. This was the fastest growth in the sector since February 2020 and well above the rebound seen during the summer of 2020, as some COVID-19 restrictions were eased. New order growth was at a 14-month high and the second-strongest in 2-1/2 years; while exports of services rose at the joint-fastest rate since July 2018, with demand mainly increasing from the UK and mainland European markets. Also, employment grew for the third month in a row, and at the strongest rate since February 2020. Meantime, the level of incomplete work went up for the second month running and at the steepest rate since May 2018. Prices data showed input price inflation eased slightly from March's 13-month high, while the rate of charge inflation was the strongest in 14 months. Looking ahead, sentiment strengthened to a three-year high and was above its long-run trend level.
2021-05-06
Irish Service Sector Rebounds Strongly
The AIB Ireland Services PMI jumped to 54.6 in March 2021 from 41.2 a month earlier. The latest reading signaled the first expansion in three months and the strongest pace since February 2020, as some businesses were better able to cope with COVID-19 restrictions. New orders rose for the second time in 13 months, export sales grew for the first time in over a year, and employment went up for the second time since the start of the pandemic. At the same time, outstanding business rose solidly, with the rate of increase was stronger than the 12-month trend immediately prior to the pandemic. On the cost front, input price inflation was at a 13-month high, on greater cost pressures, wages, raw materials, and Brexit. Selling prices rose modestly as firms attempted to attract new sales. Finally, sentiment strengthened to the highest since mid-2018, amid hopes for an economic revival as vaccinations enable the lifting of lockdown restrictions.
2021-04-07
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

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.