Ireland skyline

Ireland PMI December 2019

Ireland: Services PMI jumps to six-month high in December

Business activity in the Irish service sector accelerated markedly in December, as reflected by the AIB service Purchasing Managers’ Index (PMI) rising to 55.9 from 53.7 in November. The index, thus, moved further above the critical 50-threshold that separates expansion from contraction in business activity, signaling growth in the services sector and marking the best reading since June 2019.

December’s reading reflected a continued pick-up in business activity, while new business rose at the fastest clip in six months amid a quicker expansion in new export orders. Although firms hired more workers to address increasing workloads, the pace of job creation slowed to a three-month low. That said, it remained solid overall. On the price front, input cost inflation rose further in December; albeit at a slightly slower pace compared to November. Meanwhile, output charge inflation was little-changed. Lastly, business sentiment strengthened to a 17-month high as service providers turned more optimistic on their one-year outlook amid reduced Brexit uncertainty.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest