The AIB Ireland Services PMI climbed to 50.1 in December 2020 from November's five-month low of 45.4. The latest figure pointed to a stable trend in the level of activity in the sector, as employment grew for the first time since February, while outstanding work increased for the second month in a row, and despite a slight fall in new orders. On the cost front, input prices rose for the sixth consecutive month, linked to greater wages, fuel, insurance, and utility bills. That said, the rate of inflation eased to a five-month low and remained below the long-run survey average. Meanwhile, prices charges went up for the third time in four months, albeit only marginally. Finally, business sentiment was the strongest since February. source: Markit Economics

Services PMI in Ireland averaged 56.06 points from 2011 until 2020, 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 January of 2021.

Services PMI in Ireland is expected to be 51.00 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.

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Ireland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.10 45.40 64.00 13.90 2011 - 2020 points Monthly


News Stream
Irish Service Sector Stabilizes
The AIB Ireland Services PMI climbed to 50.1 in December 2020 from November's five-month low of 45.4. The latest figure pointed to a stable trend in the level of activity in the sector, as employment grew for the first time since February, while outstanding work increased for the second month in a row, and despite a slight fall in new orders. On the cost front, input prices rose for the sixth consecutive month, linked to greater wages, fuel, insurance, and utility bills. That said, the rate of inflation eased to a five-month low and remained below the long-run survey average. Meanwhile, prices charges went up for the third time in four months, albeit only marginally. Finally, business sentiment was the strongest since February.
2021-01-06
Ireland Services Sector Shrinks for 3rd Month
The AIB Ireland Services PMI fell to 45.4 in November 2020 from 48.3 in October, pointing to the third straight month of fall and the lowest reading since June. Still, new business declined only slightly, contributing to a rise in outstanding work for the first time since February. Employment shrank further, but at the slowest rate in the current nine-month period of retrenchment. On the price front, average e input prices for service providers rose at the fastest pace since February, due to rising costs to wages, insurance premiums, and fuel, while prices charged fell for the first time in three months. Finally, sentiment strengthened to the highest since January, amid growing hope for a coronavirus vaccine in 2021.
2020-12-03
Irish Services Shrink at Softer Pace
The AIB Ireland Services PMI rose to 48.3 in October 2020 from 45.8 a month earlier, indicating a second successive monthly decline in the sector. New work declined at a softer rate, while outstanding business and employment both fell at the slowest pace in their respective eight-month sequences of fall. Meantime, cost pressures remained strong, linked to expenditure on PPE equipment, higher freight charges due to COVID-19 restrictions, costs related to remote working adjustments, and compliance. Companies continued to pass higher input prices on to customers, with average charges rising for the second month running and at a faster rate than in September. Lastly, sentiment weakened to the weakest in five months, reflecting rising uncertainty over a second wave of virus cases and a potential no-deal Brexit.
2020-11-04
Irish Services PMI Falls Sharply into Contraction Territory
The AIB Ireland Services PMI tumbled to 45.8 in September 2020 from 52.4 in August. The latest figure signaled a sharp decline in output by the survey's historical standards, albeit one much less severe than those registered from March through June. New business contracted at the fastest rate since June, amid rising virus cases and economic uncertainty. Meantime, a combination of weakening demand and higher labor costs linked to the end of the temporary COVID-19 wage subsidy scheme (TWSS) led the rate of job shedding to level off, following a four-month period of slowing cuts. On the price front, input costs rose for the third month running while selling prices increased for the first time in seven months, albeit only slightly. Finally, business sentiment slipped for the third successive month following June's rebound.
2020-10-05

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.