Services sector sees fastest pace of growth in over three years

Growth driven by strong gains in new business and a recovery in the transport, tourism, and leisure sector, AIB Services Purchasing Managers Index shows

Stronger demand for services, as well as higher levels of work outstanding, drove an increase in staffing levels during the month. 

The Irish services sector saw the fastest pace of growth in over three years, driven by strong gains in new business and a recovery in the transport, tourism, and leisure sector, the latest AIB Services Purchasing Managers Index (PMI) shows.

During November, the PMI showed a reading of 58.5, up from the 56.7 recorded in October, the steepest rise in output since May 2022, and also marks the third straight month of increases.