Business activity in Dublin softens as manufacturing sector contracts

The services sector in Dublin continued to drive growth between April and June

The performance of the services and construction sectors offset the weakness in manufacturing during the second quarter. 

Business activity in Dublin softened between April and June as a contraction in the manufacturing sector dragged down strong performances in the services and construction sectors, the latest Dublin Economic Monitor shows.

The latest Dublin Purchasing Managers’ Index (PMI) reading fell from 53.1 during the first quarter of the year to 52.4 during the second quarter. The PMI is a measure of economic trends whereby any reading above 50 indicates growth.