Finance
Irish services growth eases slightly in February, PMI shows
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 5, 2025
1 min readLast updated: January 25, 2026
Ireland's services sector growth slowed in February, with PMI at 53.2. Employment rebounded, and input prices rose, driven by wages.
DUBLIN (Reuters) - Growth in Ireland's services sector eased slightly in February, with both total activity and new business expanding at the weakest rate for more than a year, a survey showed on Wednesday.
The AIB Global S&P Purchasing Managers' Index (PMI) fell to 53.2 from 53.4 in January. The index has been above the 50 mark that separates growth from contraction since March 2021 but has slipped since recording a 19-month high of 58.3 in November.
Despite the subdued growth, employment rebounded, and outstanding business increased. Average input prices increased at the strongest rate since last May, driven mainly by wages.
All sub-sectors - technology, media & telecoms, financial services, transport, tourism & leisure, and business services - showed growth, with technology, media & telecoms leading the way.
Confidence in future business activity remained bright, although slightly below the long-run average, the survey's authors added.
(Reporting by Graham Fahy; Editing by Hugh Lawson)
The AIB Global S&P Purchasing Managers' Index (PMI) fell to 53.2 in February, down from 53.4 in January.
Despite the subdued growth, employment rebounded, indicating a positive trend in job creation within the sector.
All sub-sectors, including technology, media & telecoms, financial services, transport, tourism & leisure, and business services, showed growth.
Average input prices increased at the strongest rate since last May, primarily driven by rising wages.
Confidence in future business activity remained bright, although it was slightly below the long-run average according to the survey's authors.
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