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Irish services growth eases slightly in February, PMI shows

Published by Global Banking & Finance Review

Posted on March 5, 2025

1 min read

· Last updated: January 25, 2026

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Irish services growth eases slightly in February, PMI shows
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Ireland's Services Sector Growth Slows in February, PMI Indicates

DUBLIN (Reuters) - Growth in Ireland's services sector eased slightly in February, with both total activity and new business expanding at the weakest rate for more than a year, a survey showed on Wednesday.

The AIB Global S&P Purchasing Managers' Index (PMI) fell to 53.2 from 53.4 in January. The index has been above the 50 mark that separates growth from contraction since March 2021 but has slipped since recording a 19-month high of 58.3 in November.

Despite the subdued growth, employment rebounded, and outstanding business increased. Average input prices increased at the strongest rate since last May, driven mainly by wages.

All sub-sectors - technology, media & telecoms, financial services, transport, tourism & leisure, and business services - showed growth, with technology, media & telecoms leading the way.

Confidence in future business activity remained bright, although slightly below the long-run average, the survey's authors added.

(Reporting by Graham Fahy; Editing by Hugh Lawson)

Key Takeaways

  • Ireland's services sector growth slowed in February.
  • PMI fell to 53.2 from 53.4 in January.
  • Employment rebounded despite slower growth.
  • Average input prices increased, driven by wages.
  • Confidence in future business activity remains high.

Frequently Asked Questions

What was the PMI for Ireland's services sector in February?
The AIB Global S&P Purchasing Managers' Index (PMI) fell to 53.2 in February, down from 53.4 in January.
How did employment in Ireland's services sector change?
Despite the subdued growth, employment rebounded, indicating a positive trend in job creation within the sector.
Which sub-sectors showed growth in Ireland's services sector?
All sub-sectors, including technology, media & telecoms, financial services, transport, tourism & leisure, and business services, showed growth.
What drove the increase in average input prices?
Average input prices increased at the strongest rate since last May, primarily driven by rising wages.
What is the outlook for future business activity in Ireland?
Confidence in future business activity remained bright, although it was slightly below the long-run average according to the survey's authors.

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