The AIB Ireland Services PMI rose to a seven-month high of 56.9 in January 2020 from 55.9 a month earlier, due to the removal of Brexit uncertainty following the UK General Election. New orders and exports rose by the most since December 2018, while outstanding work increased at the fastest pace in seven months and the rate of job creation picked up. Regarding inflation, cost pressures remained strong, with input prices rising amid higher labour and fuel cost. Firms subsequently increased their own prices charged, at a rate that remained well above the long-run survey average despite easing since December. Looking ahead, business sentiment strengthened for the fourth successive month to the highest since July 2018.

Services PMI in Ireland averaged 57.61 points from 2011 until 2020, reaching an all time high of 64 points in January of 2016 and a record low of 48.30 points in January of 2012. This page provides the latest reported value for - Ireland Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics

Services PMI in Ireland is expected to be 56.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Ireland to stand at 56.00 in 12 months time. In the long-term, the Ireland Services PMI is projected to trend around 56.50 points in 2021, according to our econometric models.


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Ireland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.90 55.90 64.00 48.30 2011 - 2020 points Monthly


News Stream
Irish Services PMI Rises to 7-Month High
The AIB Ireland Services PMI rose to a seven-month high of 56.9 in January 2020 from 55.9 a month earlier, due to the removal of Brexit uncertainty following the UK General Election. New orders and exports rose by the most since December 2018, while outstanding work increased at the fastest pace in seven months and the rate of job creation picked up. Regarding inflation, cost pressures remained strong, with input prices rising amid higher labour and fuel cost. Firms subsequently increased their own prices charged, at a rate that remained well above the long-run survey average despite easing since December. Looking ahead, business sentiment strengthened for the fourth successive month to the highest since July 2018.
2020-02-05
Irish Service Growth Accelerates to 6-Month High
The AIB Ireland Services PMI rose to a six-month high of 55.9 in December 2019 from 53.7 a month earlier, amid reduced Brexit uncertainty. New business grew the most since June, boosted by a faster increase in new export orders. Meanwhile, employment growth eased to a three-month low, but remained solid. On the price front, input prices continued to rise at a strong rate, while output price inflation was little-changed since November, remaining well above the long-run survey average. Lastly, business sentiment strengthened to a 17-month high.
2020-01-06
Ireland Services PMI Climbs to 3-Month High
The AIB Ireland Services PMI climbed to a 3-month high of 53.7 in November 2019, rebounding sharply from an 87-month low of 50.6 in the previous month and ending five straight months of slowdown amid Brexit uncertainty. The expansion pace in new orders accelerated from October as a result of firmer demand conditions, while job creation was solid and the highest in five months. On the price front, both input costs and output prices increased at sharper clips compared to the previous month. Looking ahead, sentiment rose to its highest level since June.
2019-12-04
Irish Services PMI Falls to Over 7-Year Low
The AIB Ireland Services PMI dropped to 50.6 in October 2019, the lowest since July 2012, from 53.1 in the previous month. This marked the fifth straight month of slowdown in the sector, amid Brexit uncertainty, with new orders growing the least in 81 months. Meanwhile, overseas sales returned to growth driven by greater demand from customers based in Oceania and the Netherlands. Also, employment expanded the most in four months, amid efforts to bolster capacity and work through customer orders. On the price front, the rate of input cost inflation dipped slightly, and output charge inflation softened to a three-month low. Looking forward, confidence improved from September's almost eight year low but was nonetheless subdued.
2019-11-05

Ireland Services PMI
The Investec Services PMI Ireland is based on data compiled from monthly replies to questionnaires sent to around 450 private companies in the Irish private service sector. An index situated above 50.0 indicates activity expansion of the corresponding variable (i.e. new orders, price, employment, etc.); An Index situated below 50.0 indicates a contraction of the activity, whilst an index at the same level as 50.0 indicates that the situation is stable compared with the previous month.