The AIB Ireland Services PMI increased to 52.7 in December 2022 from 50.8 in the previous month, signalling a slightly faster rate of expansion in the sector, with business activity index rising for the first time in five months. It was the 22nd month of successive expansion in the sector, but was still the second-weakest registered over the current 22-month period expansion. New business increased, though growth rates remained modest overall, with both technology, media & telecoms and business services posting expansion in new work. Meanwhile, outstanding business rose, with the rate of expansion was the weakest over this period. The rate of job creation was solid overall and above the long-run survey average, albeit the weakest in 2022, reflecting uncertainty moving into 2023. On the pricing front, input cost inflation eased to a 11-month low, while output cost inflation slowed to a four-month low. Finally, business sentiment remained subdued on recession and inflation concerns. source: Markit Economics
Services PMI in Ireland averaged 56.22 points from 2011 until 2022, 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 February of 2023.