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Ireland Services PMI Growth Strongest In 5 Months … RTT July 04, 2018 at 11:11AM

Ireland Services PMI Growth Strongest In 5 Months … RTT

 

Ireland Services PMI Growth Strongest In 5 Months

Ireland’s service sector activity expanded at the fastest pace in five months in June, driven by strong rise in new business, survey data from IHS Markit showed Wednesday.

The seasonally adjusted Investec services Purchasing Managers’ Index rose to 59.5 in June from 59.3 in May.

Any reading above 50 indicates expansion in the sector.

New orders rose at a sharp and accelerated pace in June amid reports of strong client demand from both domestic and export markets.

Services companies increased staffing levels for the seventieth successive month, with the rate of job creation quickening to the fastest in six months.

On the price front, both input costs and output prices rose at faster rates than in May.

by RTTNews Staff Writer

 

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