Ireland's service sector expansion eased in May as growth in activity and new orders slowed, a survey by Markit Economics revealed Thursday.
The headline business activity index fell to 52.7 in May from 55.2 in April. However, readings above 50 indicates expansion of the sector.
Despite the slowdown, business activity at service providers has now recorded 10 months of unbroken growth.
New orders expanded for a twenty-second consecutive month in May, albeit at a weaker pace than in April. Higher demand, particularly from the UK and Middle East, lifted employment during the month, the report said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.