Services industry activity increases

CONFIDENCE levels among services industry companies remains strong, with new figures showing that business activity in the sector increased at its fastest pace for nearly three years in June.

The latest monthly services sector Purchasing Managers’ Index (PMI) from NCB Stockbrokers shows that activity amongst relevant Irish firms increased for the third month in a row in June and achieved its fastest increase since October 2007.

The general improvement in economic conditions also boosted confidence levels, with most firms remaining positive over their prospects for the coming 12 months.