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.

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Ireland Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
63.10 62.10 64.00 13.90 2011 - 2021 points Monthly


News Stream
Ireland Services PMI Highest Since 2016
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.
2021-07-05
Ireland Services PMI Rises to an Over 5-Year High
The AIB Ireland Services PMI jumped to 62.1 in May 2021 from 57.7 in April, pointing to the highest reading since March 2016 as COVID-19 restrictions were further eased. In comparison, the index has trended at 54.8 since its inception in May 2000. New orders rose the most since February 2017; while employment grew for the third month in a row, and at the strongest pace since February 2020. Meantime, capacity pressures continued to build, with the rate of expansion in outstanding work unchanged from April's near-three-year high. At the same time, export business growth slowed notably since April, due to continuing restrictions on international travel. Prices data showed input cost inflation hit the highest since July 2008, driven by a range of sources including labor, fuel, insurance, Brexit, energy, and freight charges. Meanwhile, charges levied by service providers rose at the fastest rate since November 2019. Looking ahead, sentiment strengthened to its highest since September 2017.
2021-06-03
Ireland Services PMI Rises to 14-Month High
The AIB Ireland Services PMI rose sharply to 57.7 in April 2021 from 54.6 a month earlier. This was the fastest growth in the sector since February 2020 and well above the rebound seen during the summer of 2020, as some COVID-19 restrictions were eased. New order growth was at a 14-month high and the second-strongest in 2-1/2 years; while exports of services rose at the joint-fastest rate since July 2018, with demand mainly increasing from the UK and mainland European markets. Also, employment grew for the third month in a row, and at the strongest rate since February 2020. Meantime, the level of incomplete work went up for the second month running and at the steepest rate since May 2018. Prices data showed input price inflation eased slightly from March's 13-month high, while the rate of charge inflation was the strongest in 14 months. Looking ahead, sentiment strengthened to a three-year high and was above its long-run trend level.
2021-05-06
Irish Service Sector Rebounds Strongly
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.
2021-04-07

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.