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Irish Services Growth Eases In July

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Ireland's service sector activity expanded at the weakest pace in one-and-a-half years in July amid slower rises in output and new business, data released by S&P Global showed on Wednesday.

The AIB Ireland Services Purchasing Managers' Index fell to 50.9 in July from 51.5 in June. However, any reading above 50 suggests expansion in the sector.

The demand for services in Ireland increased at the slowest pace since the current upturn began in March 2021, with transport, tourism, and leisure posting a fifth successive decline in new work. International sales also rose at a weaker rate.

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