Ireland PMI

Ireland

Ireland: Services PMI remains high in January

February 4, 2015

The Investec Services Purchasing Managers’ Index (PMI) remained virtually unchanged in January, inching down from December’s record-high 62.60 to 62.50. The index has been above the 60.0 mark since March, well above the 50-threshold that indicates expansion in the services sector.

January’s reading reflects that a slight decrease in business confidence more than compensated for the fact that firms expect general economic conditions to improve and business activity to increase during 2015. While new orders grew at a slower pace than in December, new exports orders accelerated with the U.K. and the USA as main export destinations. In addition, outstanding work and employment as well as input and output prices all rose in January.

According to the survey report, the result suggests that, “[t]he opening month of 2015 saw growth momentum largely maintained in the Irish service sector. […] Panellists reported that improving client confidence led to the latest increase in new orders, thereby feeding through to growth in activity.”


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to PMI in Ireland? Download a sample report now.

Download

Ireland PMI Chart


Ireland Services PMI January 2015 0

Note: Investec Services PMI. Readings above 50 indicate an expansion in the services sector while readings below 50 indicate a contraction.
Source: Investec and Markit.


Ireland Economic News

  • Ireland: Services PMI rises to four-month high in May

    June 6, 2018

    The Investec services Purchasing Managers’ Index (PMI) climbed to a four-month high of 59.3 in May, up from 58.4 in April, thanks to a buoyant economic landscape and more favorable weather conditions.

    Read more

  • Ireland: Industrial production records strong expansion in April

    June 5, 2018

    The highly volatile Irish manufacturing industries production index rose 9.2% over the previous month in seasonally-adjusted terms in April, contrasting a 7.4% month-on-month contraction in March.

    Read more

  • Ireland: Consumer sentiment improves in May

    June 5, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index climbed to 106.7 points in May, up from 104.0 points in April, recovering two-thirds of the drop in the previous month.

    Read more

  • Ireland: Manufacturing PMI inches up to 38-month high in May

    June 1, 2018

    The Investec manufacturing Purchasing Managers’ Index (PMI) inched up to 55.4 points in May from 55.3 points in April, reflecting improved business conditions in the manufacturing sector.

    Read more

  • Ireland: Consumer sentiment deteriorates in April

    May 11, 2018

    The KBC Bank Ireland/ESRI consumer sentiment index slid to a five-month low of 104.0 points in April from 108.1 points in March, continuing a “see-saw pattern” of improving confidence in one month followed by weaker confidence in the next month in a rapidly changing and uncertain economic setting due to the threat of a potential trade war, along with Brexit. April’s loss of consumer confidence reflected increased strains on household finances, underpinned by higher energy costs and restrained wage growth.

    Read more

More news

Search form