Ireland sees the slowest growth in business activity in 21 months

The index was again weighed down by a very weak performance by the transport, tourism and leisure sector.

Growth of activity and new business within the Irish economy slowed to a crawl in November as recession fears, the energy crisis, and rising living costs weigh on confidence.

New survey data from the services sector reveal a further loss of momentum. While total activity, new work and outstanding business all rose last month, the rates of expansion were each the slowest in the respective 21-month growth sequences.