Sharp Fall in Irish Service Sector
Sharp Fall in Irish Service Sector

Sharp Fall in Irish Service Sector

Sharp Fall in Irish Service Sector

Growth in Ireland’s services sector slowed to an 11-month low in October following a sharp fall in expectations about future business, RTE reported. The Investec Services Purchasing Managers’ Index slipped to 57.5 from 58.7 in September, but remained well above the 50 mark that separates growth from contraction, as it has done since August 2012. Like the wider economy, services firms have so far proved resilient to the impact of Britain’s vote to leave the European Union. But the October survey saw a sharp fall in the business expectations index—which measures expected business levels in 12 months’ time—to 68.9 from 77.3. The survey’s authors said a number of respondents expressed concerns about customer sentiment. But while confidence fell, it remained relatively high with almost six times as many firms expecting growth compared to those who expect a moderation in activity in the coming year. Investec Ireland’s chief economist Philip O’Sullivan said that while there were some negative signs, the October survey still demonstrated a sharp pace of expansion in the services sector.

Short URL : https://goo.gl/2BjooW
  1. https://goo.gl/4ocbdW
  • https://goo.gl/8jK2j9
  • https://goo.gl/RMGD9F
  • https://goo.gl/NkC2xr
  • https://goo.gl/GRyHvL

You can also read ...

US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
Peru Deficit Narrows
Peru had a current account deficit of 1.3% of the gross...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...

Add new comment

Read our comment policy before posting your viewpoints