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.