ICT fastest growing sector

The pace of growth in the information and communication technology sector has outstripped all others in the service economy in the past year.

Data released by the Central Statistics Office (CSO) yesterday shows the ICT sector grew at almost twice the rate of the next-best performing sector from July 2013 to the same month this year.

Year-on-year, the sector grew by more than 16% while other service activities — the next best performing sector which includes real estate, gambling and recreation activities — saw an increase of more than 8.5%.