The AIB Ireland Services PMI rose to 63.1 in June 2021 from 62.1 in May. This was the highest reading since January 2016, as lockdown restrictions were lifted and more sectors of the economy reopened. During Q2, the Index trended at 61.0, a marked turnaround from the lockdown-influenced 44.0 in Q1 and the highest quarterly figure since Q1 2016. New work growth was at 5-1/2-year-high in June; while employment rose the most in nearly four years, with outstanding business growing at the steepest rate since January 2016. Regarding prices, June data indicated a further intensification of inflationary pressures. The rate of input price inflation accelerated for the fourth time in five months to the highest since July 2008, amid higher fuel, wages, insurance, utilities, freight, and Brexit-related costs. Meantime, prices charged went up the most since November 2018. Lastly, sentiment eased slightly and was the second-strongest since September 2017. source: Markit Economics
Services PMI in Ireland averaged 55.87 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 August of 2021.
Services PMI in Ireland is expected to be 52.80 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.