Ireland PMI March 2016

Ireland

Ireland: Services PMI rises in March

April 5, 2016

The Investec Services Purchasing Managers’ Index (PMI) surged from February’s 62.1 to 62.8 in March. The index is now further above the 50-threshold that indicates expansion in the services sector.

March’s reading mainly reflects an increase in business activity, business sentiment and new orders. Business activity improved on the back of improving economic conditions. Business sentiment strengthened in March as respondent were optimistic about new business and improved economic conditions. New orders expanded in March, albeit at a slower pace and tallied the slowest expansion since October. Regarding price developments, input prices increased in response to higher staffing and insurance costs. As a result, service providers increased output prices.

According to the survey report, “despite the moderation in New Orders and (we suspect related) global uncertainty, Business Sentiment ticked higher in March, with 19 times as many panelists expecting a rise in activity over the next twelve months as opposed to those who anticipate a contraction.”


Author: Jean-Philippe Pourcelot, Economist

Sample Report

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

Download

Ireland PMI Chart


Ireland Services PMI March 2016

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: 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: 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: 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