Irish Services PMI Climbs to 55.2 in July as New Business and Hiring Accelerate
Updated
Updated · Irish Examiner · Aug 6
Irish Services PMI Climbs to 55.2 in July as New Business and Hiring Accelerate
1 articles · Updated · Irish Examiner · Aug 6
Summary
Ireland’s services PMI rose to 55.2 in July from 54.2 in June, signaling faster expansion as activity was lifted by stronger new business, hiring and easing inflation pressures.
New orders stayed solid at the second-fastest pace in seven months, while international business grew for a third straight month at its fastest rate since December 2024.
61.4 in technology, media and telecoms marked the strongest sub-sector reading in nearly three years; transport, tourism and leisure remained in contraction at 49.4 for a fifth month.
Input cost inflation eased further from the 40-month peak seen in April and May, and prices charged rose at a five-month low, though both remained elevated historically.
Employment grew at the fastest pace in six months and business sentiment hit a seven-month high, with Ireland’s headline reading still ahead of flash eurozone, UK and US PMIs.