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.