Irish service sector recovers at faster pace in August

New business among Irish firms grew for the first time since February

A slight decrease in activity was registered in Transport, Tourism & Leisure sector following strong growth in July. File Picture: Getty

Activity in Ireland's services sector grew for the second straight month in August, and at a slightly faster pace despite repeatedly stalled moves to fully reopen the economy.

The AIB Purchasing Managers' Index (PMI) for services rose to 52.5 from 51.9 in July, marking its second month back above the 50-point line denoting growth, having sunk as low as 13.9 in April.