The AIB Ireland Services PMI jumped to 54.6 in March 2021 from 41.2 a month earlier. The latest reading signaled the first expansion in three months and the strongest pace since February 2020, as some businesses were better able to cope with COVID-19 restrictions. New orders rose for the second time in 13 months, export sales grew for the first time in over a year, and employment went up for the second time since the start of the pandemic. At the same time, outstanding business rose solidly, with the rate of increase was stronger than the 12-month trend immediately prior to the pandemic. On the cost front, input price inflation was at a 13-month high, on greater cost pressures, wages, raw materials, and Brexit. Selling prices rose modestly as firms attempted to attract new sales. Finally, sentiment strengthened to the highest since mid-2018, amid hopes for an economic revival as vaccinations enable the lifting of lockdown restrictions. source: Markit Economics
Services PMI in Ireland averaged 55.74 points from 2011 until 2021, reaching an all time high of 64 points in January of 2016 and a record low of 13.90 points in April of 2020. 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. Ireland Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Services PMI in Ireland is expected to be 53.60 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 52.00 in 12 months time. In the long-term, the Ireland Services PMI is projected to trend around 54.00 points in 2022, according to our econometric models.