Services sector shows strong growth
The seasonally adjusted Business Activity Index for February showed Irish service providers had maintained a strong rate of growth at their units during the month. The index was little changed compared to its January reading and, at 57.0, remained well above the 50.0 expansion/contraction point, signalling the ninth successive monthly improvement in overall levels of business activity.
NCB chief economist Dermot O'Brien said: "Services sector activity and optimism remain very buoyant, with new business growing strongly and signs of employment growth accelerating."
