Service industry grows modestly in December

Transport, tourism, and leisure businesses posted a fourth successive decline in activity, albeit at a weaker rate than in November.

Service firms experienced a modest boost in activity during the festive period, but high input costs continued to put this growth under pressure, according to a new survey.

Firms continued to pass on high costs to customers, including soaring energy bills and wages, showed AIB’s latest S&P Global Purchasing Managers' Index, or PMI.