Services sector sees 'robust' growth during December

In terms of the outlook for 2025, 47% of companies said they expect business activity to increase over the next 12 months — up from 40% in November

During December, the services purchasing managers index showed a reading of 57.1 — a decrease from the 58.3 recorded in November but still a positive indication of growth. File picture: iStock

The services sector saw a slight drop in activity during December but overall performance was “robust” heading into the new year, the latest Purchasing Managers Index shows (PMI).

The PMI is a diffused index calculated from a survey of companies asking about the volume of business compared to the previous month. The answers are used to calculate a figure between 0 and 100 with any number above 50 indicating growth in the sector.